BUZZ-China Taiping hits near 7-year peak on strong earnings outlook

Reuters01-20

** Shares of China Taiping Insurance Holdings 0966.HK rise 3.9% to HK$23.68, their highest level since May 2019

** Stock on track for the third straight session of rise; third biggest pct gainer in Hang Seng Composite Index tracking financials stocks .HSCIF, which is up 0.6%

** The insurer expects its 2025 net profit to rise 215%-225% y/y thanks to an increase in net investment results and an one-off tax impact of new enterprise income tax policies announced by State Taxation Administration for insurance industry in China

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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