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China: Insurance premium profits increase 7.8 percent
(MENAFN)Statistics from the country's top insurance watchdog revealed that China's insurance premium takings increased 7.8 percent year on year in the first quarter of 2021.
According to the China Banking and Insurance Regulatory Commission, premium profits hit 1.8 trillion yuan (USD278.2 billion) throughout the January-March period.
By the end of March, the industry had combined assets reaching 24.3 trillion yuan, it increased 11.7 percent from a year earlier.
Authorities have moved to constrict rule on the insurance sector in recent years as they put main concern on stopping systemic fiscal risks.
According to the China Banking and Insurance Regulatory Commission, premium profits hit 1.8 trillion yuan (USD278.2 billion) throughout the January-March period.
By the end of March, the industry had combined assets reaching 24.3 trillion yuan, it increased 11.7 percent from a year earlier.
Authorities have moved to constrict rule on the insurance sector in recent years as they put main concern on stopping systemic fiscal risks.
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