News Regional03 Jun 2019

Chinese insurance stocks spike after tax cut policy announced

| 03 Jun 2019

Overall, China's insurance sector has been lifted by the announcement of a proposed tax cut. PICC hit the daily limit while China Pacific Insurance and China Life Insurance were up more than 5% after China's ministry of finance issued the 'Announcement on the Pre-tax Deduction Policy for the Fees and Commission Expenses of Insurance Enterprises'.

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