China's Ping An cuts investment return outlook but 'optimistic' on market

Insurer will 'respond positively' to government calls to invest more in stocks

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The Ping An International Financial Center in Beijing: The insurer says it has "confidence in the long-term sustainable development of China's economy." © Reuters

WATARU SUZUKI

SHANGHAI -- Executives at China's Ping An Insurance on Thursday struck an optimistic tone over the country's stock market, after the company reported a jump in earnings, even as it lowered its assumed investment returns due to falling interest rates.

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