News Reinsurance30 May 2019

China:PICC Re to increase capital to CNY by US$145m

| 30 May 2019

PICC Re has announced plans for an increase of CNY1bn ($145m) in capital. After the capital increase is completed, the registered capital of PICC Re will be CNY4bn, according to a statement issued by the reinsurer that is posted on the website of the Insurance Association of China.

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