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Ping An Insurance says Hong Kong important hub despite mass protests


HONG KONG/SHANGHAI (Reuters) - Ping An Insurance (Group) Co of China, the country’s largest insurer by market value, said on Friday Hong Kong remains an important hub despite escalating mass protests, a day after it posted its strongest half-year profit growth in over a decade.

Ten weeks of confrontations between police and pro-democracy groups have plunged Hong Kong into its worst crisis since it reverted from British to Chinese rule in 1997, and have presented the biggest popular challenge to Chinese President Xi Jinping in his seven years in power.

“We continue to believe in Hong Kong as an ...


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