Insurers are up and downChina Life’s first-half net fell 18 percent to 30.5 billion yuan. REUTERSChina Life Insurance (2628) said its first-half net profit fell 18.8 percent to 30.54 billion yuan (HK$34.36 billion) while ZhongAn Online P & C Insurance (6060) saw first-half net profit surge 4.19 times to 490 million yuan. The insurer's total income grew 24.4 percent to 8.59 billion yuan. However, losses from its virtual banking segment widened nearly 50 percent to 111 million yuan. ZA Bank has attracted HK$2.4 billion of savings as of the end of June and recorded a revenue of 19.01 million yuan.

Source: The Standard August 26, 2020 19:07 UTC