Briefly

Insurance capital lifts real economy

China's insurance sector has raised nearly 16 trillion yuan ($2.43 trillion) for the real economy, the country's banking and insurance regulator said. The insurance capital, with advantages like long duration and stable sources, offered the support through investments in stocks, bonds and insurance asset management products, said the China Banking and Insurance Regulatory Commission. By the end of the third quarter, insurance capital invested in bonds accounted for 6.49 percent of the total in China's bond market.

Service outsourcing sector fares well

The service outsourcing industry reported stable growth during the first 10 months of this year, according to the Ministry of Commerce. Chinese firms inked service outsourcing contracts worth about 1.1 trillion yuan ($167.2 billion) in the period, up 9.3 percent year-on-year. The executed contract value stood at 759 billion yuan, representing a year-on-year increase of 13.2 percent.

Xinhua