Chinese insurance giant Ping An Insurance Group saw its net profit surge in the first-half of 2019 on the back of robust activity from retail customers.
Ping An posted net profits of CNY 97.68 billion (around US$13.9 billion) in the first six months to June 2019. The result is a 68.1% increase from the CNY 58.1 billion Ping An posted a year earlier, which a Reuters report said was the insurer’s fastest pace of growth since 2007.
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