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China Pacific shares surge
SHARES of China Pacific Insurance (Group) Co rose yesterday after the insurer posted a 65 percent growth in the first-half net profits. Net income increased to 11.3 billion yuan (US$1.8 billion) while earnings per share rose to 1.25 yuan, the company said. Its share prices rose by 1.4 percent in Shanghai and edged up 0.53 percent in Hong Kong following the announcement of the results.
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