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China ranked second in the world in terms of the volume of the life insurance market in 2017. This was stated by Deputy Chairman of the China Banking and Insurance Regulatory Commission, Yuan Hung. The Xinhua news agency reported that two Chinese insurance companies entered the top ten based on this indicator. At the end of last year, the insurance against serious illnesses covered 1 billion 60 million Chinese, with a population of more than 1 billion 300 thousand people. Huang Hong spoke about plans to increase life insurance in the country by more than 1% per year over the next 20 years.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
KYC Policy