News China24 Feb 2023

Defence-linked insurer posts US$2.9m net profit for first financial year

| 24 Feb 2023

Shanghai-based China Rongtong P&C Insurance, the insurance arm of the Chinese military, has announced net profits of CNY20.08m ($2.9m) on the back of premium income of CNY460mfor 2022, its first financial year of operations.

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