Home / Business

Better times for insurers as investment returns surge

By Gao Changxin in Hong Kong | China Daily | Updated: 2013-08-31 08:17

Ping An Insurance (Group) Co of China Ltd, the nation's second-largest insurer, reported a 28.3 percent rise in first-half profit to 17.9 billion yuan ($2.9 billion) on Friday - part of a string of encouraging results for the sector.

Insurers benefited from the performance of the nation's equity market, which significantly increased their investment returns in the first half.

The benchmark Shanghai Composite Index had a short bull run early in 2013, and it jumped about 20 percent by the end of January from a December low.

Better times for insurers as investment returns surge

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349