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JP Morgan issued a research report covering the Asia-Pacific insurance industry, in which life insurers from India and China displayed outstanding performance mainly due to stable cash flow and capital market recovery.
The broker recommended investors to eye Chinese insurers to capture the benefits of cyclic recovery of non-life insurance businesses. CHINA LIFE (02628.HK) and PICC GROUP (01339.HK) are top picks amongst Asia-Pacific insurers.
AAStocks Financial News
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