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China’s PICC eyes micro loans to boost returns

Toby Yiu
The insurance firm's president says it aims to get into micro lending and that many of its peers are mulling similar moves, amid government backing for 'inclusive finance'.
China’s PICC eyes micro loans to boost returns

China’s largest property-and-casualty insurer, PICC, wants to fill the gap left by banks when it comes to micro loans, and this may herald a wholesale shift by non-bank institutions into this area.

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