Tuesday, March 31, 2015

ecns [expanded by feedex.net]: PICC Group to set up subsidiary companies

ecns [expanded by feedex.net]

ecns

PICC Group to set up subsidiary companies
http://www.ecns.cn/business/2015/03-31/160121.shtml
Mar 31st 2015, 07:45




PICC Group, one of the country's largest insurance concerns, is to set up pension and health management companies, management said.


"We are studying closely the plan to start a pension business as this may reach 1.5 to 2 trillion yuan in the near future," said Sheng Hetai, vice president of PICC Group.


The group will also strengthen its investment asset allocation in the pensions sector, betting on the country's fast growing retirement business, Sheng added.


PICC is also preparing to establish a health management company. "Now the timing is ripe for us to set up a separate business unit," said Dong Xiuqing, vice president of PICC Health Insurance Company.


Beijing-based PICC Group saw its net profit grow 55.2 percent last year to 18.7 billion yuan, according to its annual report.


The group's premium increased 14 percent year-on-year to 349.2 billion yuan, with its overall investment return ratio growing 0.8 percentage points to 6 percent, a statement said.




PICC looks for real estate investment in EU




PICC backs off Shanghai listing, awaits 'appropriate timing'




PICC net profits rise 18.8 percent in 2013




PICC, AIG launch joint venture




PICC P&C touts insurance for 'wild' kids




PICC net profits up 53.2 pct in H1




PICC and AIG joint venture deal signed





Washington 'willing to work with AIIB'


China launches upgraded satellite for independent SatNav system


Xi eyes China-Australia FTA this year


China withdrawing more nationals from Yemen


Curbs eased by leaders to boost real estate sector


Draft nationwide ceasefire agreement preliminarily signed in Myanmar


Two pandas selected from SW China for Macao


Apple launches iPhone recycling plan in China


China may invest in Russia's first high-speed railway


New emergency smog plan for capital





You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt

No comments:

Post a Comment