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China insurers' Jan-Aug premium income up 20.45 pct y/y -regulator
October 9, 2017 / 11:09 AM / in 13 days

China insurers' Jan-Aug premium income up 20.45 pct y/y -regulator

BEIJING, Oct 9 (Reuters) - Total premium income for China’s insurance industry in the January-August period rose 20.45 percent from a year earlier to 2.77 trillion yuan ($418.39 billion), data from the country’s insurance regulator showed on Monday.

Premium income for property insurance firms rose 14.44 percent to 690.1 billion yuan, according to a statement posted on the China Insurance Regulatory Commission’s (CIRC) website.

Outstanding investment stood at 14.46 trillion yuan, up 8 percent from the beginning of the year, the statement said.

$1 = 6.6206 Chinese yuan renminbi Reporting by Beijing Monitoring Desk; editing by Jason Neely

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