News eDaily17 Nov 2017

China:Insurers' investment income hit US$87 bln in first 9 months

17 Nov 2017

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.


 


 


 


 


 


 

| Print | Share

CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

Other News



Follow Asia Insurance Review