China Pacific Insurance (Group) (OTCMKTS:CHPXF) Shares Up 10.3% – Here’s What Happened

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF)’s share price shot up 10.3% during trading on Thursday . The company traded as high as $5.54 and last traded at $5.45. 200 shares were traded during trading, a decline of 54% from the average session volume of 433 shares. The stock had previously closed at $4.94.

China Pacific Insurance (Group) Price Performance

The business has a 50 day simple moving average of $4.61 and a 200-day simple moving average of $4.19.

China Pacific Insurance (Group) Company Profile

China Pacific Insurance (Group) Co, Ltd. (OTCMKTS: CHPXF), commonly known as CPIC, is one of China’s leading insurance conglomerates, headquartered in Shanghai. Established in 1991, the group operates through two primary subsidiaries: China Pacific Property Insurance Company and China Pacific Life Insurance Company. Together, these entities provide a comprehensive suite of insurance products designed to meet the risk management and financial protection needs of individuals, families and businesses across mainland China.

In the property and casualty segment, CPIC offers a broad range of coverage including automobile, homeowners, liability and commercial insurance lines.