November 25th, Guolonghui: bocom intl released a report, expecting china taiping's full-year profit growth rate to accelerate on a low base in the second half of last year, with new business value growth continuing to lead the industry. The bank maintains its 'buy' rating on it, with potential for further fiscal policy efforts, raising the target price from HK$11.6 to HK$15. The report indicates that china taiping's net income in the first half of the year increased by 15.4% year-on-year, and the profit scale has approached the full-year level of last year. According to the solvency report, in the third quarter, both Taiping Life and Taiping General Insurance continued to contribute positively to profits. The bank expects profit growth to accelerate in the second half of the year on a low base in the same period last year, and expects full-year profit to increase by around 40% year-on-year. At the same time, the bank has slightly raised its assumption on the full-year new business value rate, expecting the company's full-year new business value to increase by 56% year-on-year, continuing to lead the industry in growth.