BEIJING — Chinese insurers reported rising investment yields last year due to growth of investment income from the stock market.

The investment yield of insurance funds stood at 5.77 percent, 0.11 percentage point higher than a year before, according to China Insurance Regulatory Commission on Jan 22.

Income from the stock market reached 118 billion yuan (about $18 billion), up 355 percent.

Investment in stocks and securities funds accounted for 12.3 percent of the insurance fund investment last year.

By the end of 2017, the industry had combined assets totaling 16.8 trillion yuan, up 10.8 percent from the beginning of the year.