Today, the People’s Insurance in Tianjin Binhai New Area transportation projects and debt investment plan to set up Tianjin People’s Insurance and business groups to build for the signing ceremony held in Tianjin. Tianjin Municipal Standing Committee, vice mayor of the Chinese People’s Insurance Group party secretary, Wu Yan, president and other leaders to attend. And the relevant government departments of Tianjin Binhai New Area, Coastal Construction Group will be responsible for investment, the Chinese People’s Insurance Group, relevant departments and branches in Tianjin, attended the signing ceremony.

Insurance companies in 2008 the first annual report released yesterday, revenue has shrunk substantially. March 26, China Life was held in Beijing in 2008 the operating results of the annual conference, in Hong Kong accounting standards-based performance report showed that as at December 31, 2008, China Life’s total investment income of 30.24 billion yuan more than 2007 was down 61.4 percent; net profit of 21.28 billion yuan, representing a 45.3 percent decline in 2007. Solvency in 2007 from 525% to 310%.

From the two insurance giants – China’s Ping An and China Life have been disclosed in the Annual Report of view, compared to 2007, China’s Ping An and China Life will of investment funds in 2008 were substantially reduced.