The People's Insurance Company (Group) of China is currently
preparing to be listed on the A share market this year, the
China Securities Journal reported.
If successful, PICC will be the fifth insurance provider to be
listed on the mainland market, the report said. The insurer will
also raise 10 billion yuan (US$1.40 billion) through issuing
10-year bonds, a plan approved by the China Insurance Regulatory
Commission on February 14, the newspaper said.
(Shanghai Daily February 22, 2008)
