TOPIC

/ company

China Life Insurance

Beijing-based China Life Insurance Co provides life insurance and annuity products. It listed in December 2003, raising US$3.5 billion.

Chairman / President

Wang Bin

CEO / Managing Director

Su Hengxuan

CFO / Finance Director

Zhao Peng

Industry

Insurance

Website

e-chinalife.com

Headquarters Address

16 Financial Street, Xicheng District, Beijing, China

Stock Code

SEHK: 2628

Year Founded

2003

last updated:

28 August, 2024

Tourists crowd the Avenue of the Stars at Victoria Harbour in Tsim Sha Tsui during the ‘Golden Week’ holiday period on October 2, 2023. Photo: May Tse

Insurance

Buyers from mainland China drive record Hong Kong life insurance sales

Sales surge 12 per cent to US$14.9 billion as mainland visitors continue buying spree to chase better returns and hedge the yuan.

30 Aug 2024 - 4:39PM

China property

Bondholders ‘strongly oppose’ Chinese developer Sino-Ocean’s debt-revamp plan

26 Jul 2024 - 6:46PMvideocam

China stock market

Chinese insurers to launch US$7 billion equity fund as state support rises

30 Nov 2023 - 4:45PM

China property

Sino-Ocean seeks 12-month reprieve to repay US$280 million bond as sales slump

Chinese developer Sino-Ocean has proposed to roll over a bond by 12 months as it struggles with a liquidity squeeze. Bondholders have demanded a full repayment when due on August 2.

25 Jul 2023 - 6:00PMvideocam

Sino-Ocean and Swire Pacific jointly developed the Taikoo Li shopping mall in Chengdu, China. Photo: SCMP

Banking & finance

China’s private pension market could be US$969 billion opportunity by 2030

Private individual pensions could grow into a US$969 billion opportunity within China’s overall US$3.8 trillion pension market by 2030, according to KPMG China and ASIFMA.

26 Jun 2023 - 3:22PMvideocam

China stock market

Chinese insurance stocks back in favour after best first-quarter result in five years

A gauge of five insurers trading on the Shanghai Stock Exchange has risen 22 per cent since the start of April, according to data compiler Shanghai DZH. The benchmark Shanghai Composite Index has gained about 2 per cent in the same time span.

5 May 2023 - 7:58PM

US-listed Chinese stocks

More Chinese state-owned firms will delist from US, analysts say

The voluntary delisting of five SOEs including Sinopec and PetroChina from the New York Stock Exchange could pave the way for further exits, according to analysts.

16 Aug 2022 - 8:47AMvideocam

The voluntary delisting of five SOEs from the New York Stock Exchange could pave the way for further exits, according to analysts. Photo: AP

Insurance

Chinese insurers take a market beating as lockdowns hurt investment pool

China’s biggest insurers suffered a beating last quarter as stock and bond losses eroded income from their trillion-dollar investment pools.

2 May 2022 - 5:00PMvideocam

Insurance

Chinese insurers compete in ‘quarantine coverage’ amid health costs pressure

Coverage periods have been shortened and prices lowered amid regulatory pressure to avoid consumer rights abuses

6 Apr 2022 - 7:14PMvideocam

Banking & finance

China to cut foreign ownership cap for firms handling US$2.9 trillion in assets

In a boost for overseas insurance companies, China is set to scrap a cap on foreign ownership of insurance asset management companies under draft rules announced on Friday.

10 Dec 2021 - 5:20PMvideocam

A street in Shanghai. The China Banking and Insurance Regulatory Commission says it will collect public opinion on the rule change for a month. Photo: EPA-EFE

Dealing with debt

China’s Huarong gets state-led bailout after record 2020 loss

The rescue package unveiled on Wednesday, while thin on official details, suggests President Xi Jinping’s government is for now unwilling to allow a default by one of China’s most systemically important state-owned companies.

19 Aug 2021 - 4:02PM

China Huarong Asset Management’s office in Beijing on April 16, 2021. Photo: Reuters

Banking & finance

China Life to buy US$2.7 billion of shares in affiliate Guangfa Bank