xi's moments
Home | Finance

China's insurance sector reports asset growth

Xinhua | Updated: 2020-11-21 11:02

The Lujiazui area of Shanghai is home to major global financial organizations. [Provided to China Daily]

BEIJING - China's insurance sector saw steady growth in its total assets in the first nine months, according to data released by the country's top banking and insurance regulator.

The total assets of the sector stood at 22.4 trillion yuan ($3.4 trillion) at the end of September, an increase of 1.9 trillion yuan from the beginning of the year, said the China Banking and Insurance Regulatory Commission.

In the first three quarters of the year, Chinese insurers' premium income increased 7.2 percent year-on-year to 3.7 trillion yuan, the data showed.

Compensation expenses totaled 998.9 billion yuan in the same period, up 6.1 percent from a year earlier, according to the data.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349