 |
|
The People's Insurance Company (Group) of China's Huaibei branch in Anhui Province. (newsphoto) |
Wu Yan, chairman of the People's Insurance Company (Group) of China (PICC), said that the company was seeking to list on the domestic stock market this year.
PICC was listed in Hong Kong in 2003.
Wu told a company working meeting that PICC, the country's second largest insurer, will prioritize "profits and risk control" during the second half of this year, according to Saturday's China Securities Journal.
Premium income topped 86.4 billion yuan (12.6 billion U.S. dollars) in the first half, up 68 percent year-on-year.
PICC has recently taken actions toward a listing on the A-share market, including plans to invest in two securities companies -- Shandong-based Qilu Securities and Guangdong-based Essence Securities.
