(Bloomberg) -- China's stocks rallied on speculation
higher interest rates won't deter investors in the nation. Ping
An Insurance (Group) Co. led gains among insurers on expectations
increased deposit rates will boost investment returns.
The ``rate changes are bullish for insurance stocks as they
help boost investment returns and therefore earnings,'' said Sun
Cheng, an asset manager for Pacific Asset Management Co.
Read more at Bloomberg Stocks News
higher interest rates won't deter investors in the nation. Ping
An Insurance (Group) Co. led gains among insurers on expectations
increased deposit rates will boost investment returns.
The ``rate changes are bullish for insurance stocks as they
help boost investment returns and therefore earnings,'' said Sun
Cheng, an asset manager for Pacific Asset Management Co.
Read more at Bloomberg Stocks News
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