BUZZ-Ping An's HK shares rise most in 8 weeks on solid growth in life premium incomes

Reuters2023-11-14

** Hong Kong shares of Ping An Insurance Group Co of China Ltd rise 3.4% to HK$38.55, on course for biggest one-day pct climb since Sept 22, if gains hold

** Stock biggest pct gainer in the Hang Seng Finance Index

and fourth biggest gainer in the Hang Seng Index

** Chinese insurer says Jan-Oct accumulated gross premium incomes for life insurance unit up 7.1% YoY at 408.88 bln yuan ($56.06 bln)

** Co's Shanghai shares gain 0.5%

** The Hang Seng Finance Index gains 0.8%, while the Hang Seng Index slips 0.3%

** Co's Hong Kong-listed stock down 26.3% YTD, Shanghai shares down 9.5% ($1 = 7.2930 Chinese yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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