At year end, the Shanghai Stock Exchange Composite Index reached 1161 points. The premium income of insurance companies totaled 492.7 billion yuan, up 14 percent year on year. The year 2006 will see stability in the monetary policy. The M2 is projected to grow by 16 percent.
The PBC will use a mixture of monetary policy instruments to preserve the general stability of interest rate and exchange rate. In 2006, China will start to implement its 11th Five-year Program.