CPIC sees net rising 70pc

China Pacific Insurance (2601) predicts its net profit for last year to jump up to 70 percent year-on-year, thanks to the rebound in mainland capital markets in the last few months of the year.

The net profit will be approximately 42.2 billion yuan (HK$45.1 billion) to 46.3 billion yuan in 2024.

Additionally, the insurance business is solid, driving a significant increase in net profit.

Staff reporter