China's insurance industry earned total investment income of CNY581.4 billion (US$87.7 billion) for the first nine months of 2017, the CIRC has said.
The figure is 20.41% higher than for the corresponding period last year, and represents a rate of return of 4.05%, which is 0.1 percentage point higher than for the January-September period last year, the CIRC said in a statement.
Income from bond investments stood at CNY154 billion for the first nine months, an increase of 7.30%.
Income of CNY259.3 billion was received from investments in alternative assets, including domestic infrastructure, in the first nine months of 2017. This was 19.4% higher than for the corresponding period last year.
China’s insurance industry had approximately CNY14.64 trillion in investable assets at 30 September 2017, up 9.38% from CNY13.38 trillion in December 2016. Of this, the largest amount of CNY7.13 trillion, or 48.7%, were in bank deposits and fixed income instruments; 12.9% invested in equities; and the remaining 38.4% in alternative investments.