China News  
SINO DAILY
Chinese insurers pushed to invest in infrastructure projects

File image.
by Staff Writers
 Shanghai (AFP) Nov 18, 2008
 Chinese regulators are pushing insurers to invest in building projects, state energy providers and resource companies to help prop up economic growth.

The China Insurance Regulatory Commission also repeated its appeal from last month for insurers to put more money into capital markets to help stability, according to a statement issued late Monday.

Beijing announced a four trillion yuan (586 billion dollar) economic stimulus package last week to help maintain the pace of growth in China, which slipped to 9.0 percent in the third quarter, its slowest pace in five years.

The country's stock market has lost more than 60 percent since the start of the year, which has already lead to massive investment losses for insurers.

China's largest life insurer by premiums, China Life Insurance, reported on Tuesday that its third quarter net profit was down 70 percent year-on-year at 2.34 billion yuan (342 million dollars).

Ping An Insurance announced a third-quarter net loss of 7.81 billion yuan on Monday due mostly to losses from its five percent stake in dismantled European bank Fortis NV, which wiped out gains from premium growth.

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
 China News from SinoDaily.com


Memory Foam Mattress Review
SPACE MEDIA NETWORK PROMOTIONS
 Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


SINO DAILY
Tibetan exiles review tactics against Chinese rule
 Dharamshala, India (AFP) Nov 18, 2008
 Tibetan exiles worked Tuesday to hammer out a new strategy for their fight against Chinese rule in the region, after the Dalai Lama called for fresh guidance from his followers.






SUPERPOWERS
  • Analysis: Turkey, a land of paradoxes
  • Russia To Open Military Bases In Abkhazia, South Ossetia In 2009
  • Russia wants 'strategic partnership' with US: Medvedev
  • Outside View: Euro-Russian relations thaw

    • TRADE WARS
  • EU-China sign deal to boost 'Made in China' product safety
  • Australia, China agree to fast-track free trade deal: PM Rudd
  • China's Hu launches free trade talks in Costa Rica
  • Swords and Shields: Arctic allies

    • DISASTER MANAGEMENT
  • Quake threat to Karachi exposes cracks in system
  • Death toll from China subway collapse rises to seven: state press
  • California gets glimpse of 'Big One'
  • Five dead, 14 missing in Indonesia landslide: official

    • DRAGON SPACE
  • The Chinese Space Industry Set For Take Off
  • China Puts Two Satellites Into Orbit
  • Souped-Up Rockets For Shenzhou
  • China Successfully Launches Research Satellites

    • ENERGY TECH
  • Largest permanent CO2 storage in Wyoming
  • China defends investments in DR Congo
  • Russia says pipeline talks with China to resume
  • High Growth Forecasted For Large And Advanced Battery Technology And Markets

    • EPIDEMICS
  • TB strains more drug-resistant, WHO says
  • Purdue Researcher Invents Molecule That Stops SARS
  • Airport Malaria Causing Concern In The US
  • AIDS vaccines: New hope for problem-plagued path

    • CIVIL NUCLEAR
  • Uranium Resources To Conduct Exploratory Drilling In New Mexico
  • SCE Reduces Environmental Impact Of Coastal Power Generation
  • Algeria, Argentina strike deal on nuclear energy
  • Power company offers nuke-heavy power plan

    • THE PITS
  • 32 workers rescued from flooded mine: state media
  • 33 workers rescued from flooded mine: state media
  • CSIRO Strengthens Scientific Relationship With China
  • Analysis: Protests against coal in Germany

    • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement