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Ping An Property Insurance approved to double capital

08-09-2010 15:57 BJT

Ping An Property & Casualty Insurance Co Ltd has received approval from the China Insurance Regulatory Commission to boost its registered capital from 6 billion yuan ($885.87 million) to 12 billion yuan to fuel its business development and improve solvency capacity.

As of the end of June this year, the company has seen its premium income grow by 61.1 percent, to 29.98 billion yuan.

Editor:Xiong Qu |Source: China Daily

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