BEIJING/SHANGHAI ― Ping An Insurance (Group) Co. of China reported a 6.8-percent rise in first-half net profit, driven by growth in new insurance policies and its move to secure long-term investments amid market volatility.

The Chinese insurance giant posted a net profit of 74.62 billion yuan ($10.46 billion), up from 69.84 billion yuan in the same period last year, according to a filing released on Thursday.

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