Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

'Chinese insurance sector needs healthy growth

China,Business/Economy, Sun, 22 Apr 2012 IANS

Shanghai, April 22 (IANS) Chinese Vice Premier Wang Qishan has urged accelerated reform and innovation in the country's insurance industry to promote healthy and stable development.


Wang said here that the insurance industry was faced with great potential and opportunities amid accelerated process of industrialization and urbanization.



However, the industry development was still at primary stage, and needs to take an explorative steps to improve its systems, he said.


Wang stressed greater efforts should be made to develop pension, medical and liability insurance. The agriculture-related and shipping industries, small-sized and technology-based business should receive better insurance services, reported Xinhua.


By the end of January, the country's insurance industry had a total of 6.03 trillion yuan ($957 billion) in assets. The premium revenue totaled 1.43 trillion yuan in 2011, up 10.4 percent year-on-year.


Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.