News China29 Jun 2018

Insurance industry's 2017 profits estimated at US$39 bln

| 29 Jun 2018

The Chinese insurance industry made an estimated CNY256.17 billion ($38.7 billion) in total profits for 2017, an increase of 29.72% over 2016, according to a regulatory official. The substantial increase in profits in 2017 is attributed to the improved use of funds.

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