20150612-CREDIT_SUISSE-中国财险（2328）：NEW_REPORT，2015_TRACKING_WELL_SO_FAR...-379689

We have increased our PICC target price to HK$21.50（from HK$21）following our increased confidence on 2015 outlook，with trends robust so far；with benign claims inflation and lower frequency offsetting weaker top-line growth.2015 earnings increased 34% due to markets；outer years largely unchanged.