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English > Finance > Finance-Breakingnews>PICC Life Doubles Capital

PICC Life Doubles Capital

07-03 18:11 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-07-02/110192473.html

» PICC Life Insurance Co. said its capital has been raised to 5.4 billion yuan from 2.7 billion following a cash injection from its parent company and other shareholders.
» The insurer said its parent, the People's Insurance Company of China, injected 2.2 billion yuan into the life unit, with Sumitomo Life Insurance Co. of Japan contributing 271 million yuan.
» Asia Financial Holdings Ltd. and Bangkok Bank contributed 135 million yuan each.
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