Briefly

Interprovincial railway speeds up metro line

East China's Anhui and Jiangsu provinces are speeding up construction of a 65.2-kilometer metro line to better link their populations amid integration of the Yangtze River Delta region. The Nanjing-Maanshan Intercity Railway will help slash travel time between Nanjing, Jiangsu's provincial capital, and Maanshan in Anhui, to 30 minutes upon completion in 2025. Also known as the S2 Line of Nanjing Metro with 20 stations and partially built by China Railway No 4 Engineering Group Co Ltd, construction began in December 2020. On Sunday, a 200-meter continuous beam was fully linked on the line in Maanshan using an innovative method to speed up work.

Insurance assets grow to over $4 trillion

Total assets of China's insurance sector amounted to 27.91 trillion yuan ($4.06 trillion) at the end of February, official data showed. The figure increased steadily from 27.15 trillion yuan at the end of last year, said the China Banking and Insurance Regulatory Commission. Net assets of the sector stood at 2.82 trillion yuan, up from 2.7 trillion yuan at the end of 2022. In February, Chinese insurers raked in 1.4 trillion yuan in combined insurance premiums, compared with 1.3 trillion yuan in the same period of 2022. Their expenditures on compensation and payments reached 331.42 billion yuan in February, up from 305.82 billion yuan seen a year ago.

Xinhua - China Daily