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Internet finance growth powers Ping An Insurance

President Alex Ren Huichuan, second right, and CIO Jessica Tan Xinying, right, announced Ping An’s first-half results in Hong Kong on Aug 18. (Photo by Joyce Ho)

HONG KONG -- China's largest joint-stock insurer Ping An Insurance delivered estimate-beating half-year results on the back of aggressive diversification, helped by a one-time gain in internet finance and growth in insurance income. The advance came despite a steep decline in investment income.

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