July 18, 2019 / 8:52 AM / 5 months ago

China's PICC says outstanding equity investment $798.6 mln at end-2018

BEIJING, July 18 (Reuters) - People’s Insurance Company Group Of China (PICC) said on Thursday its outstanding equity investment in private firms reached 5.49 billion yuan ($798.62 million) at end-2018.

Tang Zhigang, vice president of PICC told reporters at a news briefing held by China’s banking and insurance regulator in Beijing.

$1 = 6.8744 Chinese yuan renminbi Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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