From the two protection monsters – China’s Ping An and China Life have been revealed in the Annual Report of outlook, contrasted to 2007, China’s Ping An and China Life will of buying into capital in 2008 were considerably reduced.
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Insurance businesses in 2008 the first annual report issued yesterday, income has shrunk substantially. March 26, China Life was held in Beijing in 2008 the functioning outcomes of the annual seminar, in Hong Kong accounting standards-based presentation report displayed that as at December 31, 2008, China Life’s total buying into earnings of 30.24 billion yuan more than 2007 was down 61.4 percent; snare earnings of 21.28 billion yuan, comprising a 45.3 per hundred down turn in 2007. Solvency in 2007 from 525% to 310%.
One after another as part of shareholders to inject capital, troubled land of six months of solvency of insurance disperse melancholy. Our reporter was informed yesterday from the land of insurance, a major shareholder in the last year the Group invested 2.1 billion and then after a few days ago, the earth again in the re-insurance groups, Ningbo Power, Datang International, Alliance for Innovation and Technology Beijing Song shareholders 4 907 million yuan co-injection. After the completion of two rounds of capital injection, the earth insurance registered capital will reach 4.72 billion yuan.
