China's Taiping Pension stock investment returns 235%

   Date:2007/08/03     Source:

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Taiping Pension Insurance Co Ltd, the first specialized pension management firm in China, booked stock investment gains of 235 pct as of July 25 , the official Securities News reported.

Its yield from general investment activities was 52.28 pct during the period, the report said.

Taiping Pension started a corporate annuity fund management business in September 2006

Assets under management stood at over 6 bln yuan with more than 1,200 clients as of July 25, the report said.

Taiping Pension shareholders include Hong Kong-based China Insurance (Holdings) Co Ltd and its subsidiaries - Taiping Life Insurance Co, China Insurance Group Assets Management Co and the Tai Ping Insurance Co, with Fortis Insurance International Ltd holding a 10 pct stake.

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