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Chinese Insurers See Premium Income Growth Amid Mixed Markets

Despite mixed stock movements in China recently, Chinese insurance companies have seen premium income grow over last year's results, including China Life which recently begun trading in Hong Kong and Shanghai. China Life Insurance, China Pacific Insurance Group and Ping An Insurance Group, which includes Ping An Life Insurance, Ping An Health Insurance, Ping An Annuity and Ping An Casualty Insurance,…

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Merger of Ping An and Shenzhen Development Banks Cleared

Ping An Insurance (Group) Co. Ltd., listed on the Hong Kong Stock Exchange, has recently announced that its board of directors has approved the plan to merge Ping An Bank Co. with the Shenzhen Development Bank Co.

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CIRC Allows Chinese Insurers to invest in Property & PE

China's insurance regulator, the China Insurance Regulatory Commission (CIRC), has laid out new rules allowing Chinese insurance companies to diversify their investment channels to include Private Equity and Real Estate. The new rules afford Chinese insurers the chance to invest up to 10 percent of assets in real estate, as well as investing a further 5 percent of assets into private equity investments…

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Ping An Achieves Bumper Profits in the First Half of 2010

Ping An Insurance, the second largest insurer in the world, achieved a 27.9 percent increase in net profit in the first half of the year, reaching US1.65 billion (EUR 1.3 billion), attributing it to a steady growth in sales of insurance products and banking services.

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Chinese Insurance Companies continue growth in 2010

Three of China's largest insurance companies continue their strong growth in the first five months of 2010. China Life Insurance (CLI), Ping An Insurance Group of China (PAIGC), and China Pacific Insurance Corporation (CPIC) maintain…

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Ping An gets Approvals to Acquire Shenzhen Development Bank Stake

Ping An Insurance Group Company (PAIGC) has recently announced that the China Securities Regulatory Commission (CSRC) has approved their proposed plan to issue H-shares in exchange for shares in Shenzhen Development Bank.

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Top Insurers in China Maintain Growth Impetus in Q1

Analysts predict that the top 3 Insurance giants in China, China Life Insurance (CLI), Ping An Insurance Group of China (PAIGC), and China Pacific Insurance Corporation (CPIC), will continue the growth momentum in Q1 of this year. The financial results will be released on the 30th of April.

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Q1 Premiums of US$7.5 billion reported by Ping An Life Insurance Unit

Ping An Life Insurance Company of China Ltd (PALICC) reported accumulated written premiums of US$7.47 billion (EUR 5.5 billion) for the first of this year. PALICC is the life insurance unit of Ping An Insurance, which is second only to China Life Insurance (CLI), the Number 1 insurer worldwide by market value.

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