Daily Times

The value of products registered by the Insurance Asset Management Association of China, an organization for the country’s insurance asset management industry, exceeded 1 trillion yuan (about 147.3 billion U.S. dollars) in 2022. Of the 529 projects registered during the period, 485 were registered for debt investment plans and 23 for equity investment plans, with the fund size reaching 871.18 billion yuan and 57.72 billion yuan respectively. The rest 21 were private equity insurance funds totaling 121.83 billion yuan.

By the end of 2022, the association had handled the registration of 2,882 products with a fund size totaling 6.33 trillion yuan. China’s e-commerce logistics activities registered a steady recovery in January as the country optimized its anti-virus response and consumption boomed during the week-long Spring Festival holiday, industry data showed.

The index tracking e-commerce logistics activities reached 104.6 points, up 1.8 points from the previous month, bucking the trend of contraction for three consecutive months, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and e-commerce giant JD.com.

Eight out of the nine major sub-indices measuring e-commerce logistics activities in different fields recorded growth last month, with those for business volume and rural business up 2.1 points and 2.6 points, respectively, from a month ago.

The survey projects that the index will continue to rise in February 2023, given the obvious pick-up and sound prospect of the Chinese economy. Meanwhile, China’s courier sector registered expansion in January, a monthly industry index showed. China’s express delivery development index for January came in at 265, up 1.5 percent year on year, according to the State Post Bureau.

The sub-index for the development scale grew 19.4 percent from a year earlier, and China’s express delivery industry handled about 410 million parcels during the recent Spring Festival holiday, approximately doubling the figure during the same holiday period in 2019.

The sub-index for development capacity picked up 0.9 percent year on year, as China ramped up efforts to accelerate the construction of intelligent infrastructure and improve cross-border delivery capacity.

Compiled on the basis of data from major logistics firms’ operating delivery services, the development index reflects the overall business activities and trends in the country’s courier sector.