PICC Is Striving to Return to A-Share Market
Xu Wei
/SOURCE : Yicai
PICC Is Striving to Return to A-Share Market

(Yicai Global) Sept. 1 -- The board of People's Insurance Co. (Group) of China [HK:1339] (PICC) has approved its return to the A-share market, with the relevant work smoothly underway, said Sheng Hetai, its vice president, adding that the specific time window depends on market conditions and regulatory approval.

Sheng was speaking at PICC's 2017 half-year results presentation yesterday.

Premiums at PICC grew 5.7 percent annually to USD42,383 million (CNY279.73 billion) in the first six months of this year, its first-half results show. Net profit reached CNY12.79 billion, up 13.4 percent from a year ago.

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Keywords: People's Insurance , A-Share , IPO