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AIA profits rise 53% in the first half due to mainland Chinese insurance buying spree in Hong Kong


AIA profits rise 53% in the first half due to mainland Chinese insurance buying spree in Hong Kong

AIA Group, Asia’s largest insurer, reported its best half-year profit in five years as mainland Chinese customers continued to buy policies in Hong Kong with the prospect of better investment returns and as a hedge against a weakening yuan. Net profit rose 53 percent to $3.31 billion, or 29.53 cents per share, in the six […]