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Fosun's insurance profits increased 15-fold in first half

guo-guangchang-chairman-of-fosun

Chinese conglomerate Fosun's insurance profits in the first six months of 2015 climbed 1463% to 1.79bn yuan (£182m) compared to the same period last year.

Overall insurance revenue climbed 144.3% to 5.3bn yuan compared with 2.2bn yuan in the same period in 2014. 

Fosun said its positive results were mainly attributable to buying 80% of Fidelidade in

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