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And it should be the high proportion of such investment that caused it to suffer a floating loss of CNY 9.7 billion during the period, said industry experts. Its return on investment for the first three quarters of the year stood at 4.71 percent and is expected to reach six percent for the whole year.
Net assets of its archrival Ping An Insurance (Group) Company of China, Ltd. (SHSE: 601318 and SEHK: 2318) rose 1.4 percent from the previous quarter thanks to relatively low proportion of such investment. Its return on investment for the first three quarters was 4.8 percent to five percent and the figure for the whole year is expected to hit 5.5 percent. Net assets of China Pacific Insurance (Group) Co., Ltd. (CPIC and SHSE: 610601) slid 3.27 percent quarter on quarter due to low proportion of such investment.
Source: www.cnstock.com (November 02, 2009)
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