** Hong Kong shares of Ping An Insurance Group Co of China rise 3.6% to HK$64.25, their biggest daily percentage gain since July 15
** Stock hit the highest since Aug 23, on track to snap two straight sessions of losses; biggest percentage gainer on Hang Seng Finance Index and third-biggest gainer on Hang Seng Index
** Shanghai shares of China's largest insurer by market value rise 3.3%
** Ping An plans to repurchase 5 bln-10 bln yuan ($0.77 bln -$1.54 bln) worth of A shares in a bid to ease investors' concerns over its large exposure to property firms as the government tightened grip over property sector
** Ping An reported a 15.5% fall in H1 net profit after a 20.8 bln yuan loss suffered on investments in developer China Fortune Land Development
** Citi expects stock price to react moderately positive on investor sentiment improvement supported by the repurchase plan despite the set of broadly in-line results
** Daiwa maintains "hold" rating, saying Ping An's H1 results featured weak core operation in life insurance
** The Hang Seng Finance Index , Hang Seng Composite Index tracking financials stocks both gain 0.5%
** The Hang Seng China Enterprises Index climbs 0.1% and the benchmark index gains 0.2%
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