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ZhongAn rides China’s early 2023 upswing back to profits

The digital insurer says it returned to the black, as it clocked its fastest revenue growth since 2017 in the first seven months of this year

This article only represents the author's own views.

ZhongAn Online P & C Insurance Co. Ltd. (6060.HK) is humming along this year after life returned to normal with the end of China’s strict pandemic control measures.

On the one hand, the Chinese economy continued moving past the Covid-19 pandemic in the first half of this year, boosting consumer demand for insurance policies. At the same time, financial markets performed well, providing a boost to the other major piece of ZhongAn’s business as an institutional investor.

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