China Life profit up 17.8pc in first half after CIRC crackdown on small rivals pad bottom line

Published: 24/08/2017
China Life profit up 17.8pc in first half after CIRC crackdown on small rivals pad bottom line
Source: WWW.SCMP.COM

China Life, the country’s largest life insurer, posted an interim profit which is up 17.8 per cent in the first half of 2017 as a result of a regulatory crack down of its smaller rival which benefited the big players in the country. The company reported net profit for the first half of this year stood at 12.24 billion yuan (US$1.84 billion), or 0.43 yuan per share, up from 10.4 billion yuan

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