Briefly

Zhejiang to build bulk commodity hub

Zhejiang province in East China is set to build a "bulk commodity resource allocation hub" within its free trade zone, according to a plan released by the Ministry of Commerce and the provincial government. The hub will be built primarily in Zhoushan, an archipelago city known for its maritime industries, and the neighboring city of Ningbo will also be involved.

Insurance sector sees adequate solvency

China's insurance sector maintained steady operations and adequate solvency in the third quarter. The average comprehensive solvency ratio of the country's insurers was 197.4 percent by the end of September, and their average core solvency ratio was 135.1 percent, said the National Financial Regulatory Administration.

Xinhua - China Daily