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2318 — Ping An Insurance (Group) of China News Story

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Ping An Insurance HK shares rise most in 4 months on H1 profit beat

BUZZ-Ping An Insurance HK shares rise most in 4 months on H1 profit beat

** Hong Kong shares of China's Ping An Insurance 2318.HK rise 3.8% to HK$56.15, on track for biggest one-day pct gain since April 29

** Stock touches highest level since August 11; second-biggest pct gainer on Hang Seng Finance Index .HSNF, which gains 1.5%

** Shanghai-listed stock 601318.SS climbs 2.7% to 53.53 yuan, highest point since August 10

** Chinese insurance group reported a better-than-expected year-on-year rise in first-half net profit on Thursday, as buoyant capital markets boosted earnings from its asset management business

** Ping An posted net profit of 92.585 billion yuan ($13.78 billion) for six months ended June 30, above analysts' mean estimate

** YTD, HK stock down 14%, Shanghai-listed shares down 21.9%, benchmark Hang Seng Index .HSI up 1%


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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