PICC P&C renews asset management deals with affiliates

PICC Property and Casualty (PICC P&C) has announced the renewal of its asset management agreements with PICC Asset Management Company Limited (PICC AMC) and PICC Capital, effective from July 1, 2025, to June 30, 2028. Under the agreements, PICC AMC and PICC Capital will manage entrusted assets and subscribe to investment products sponsored by PICC affiliates. The company will pay them entrusted management fees and product management fees.