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China Life Insurance

(中国人寿保险股份有限公司)

中国人寿保险股份有限公司

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

A model of a residential complex developed by Sino-Ocean Group is pictured in Qinhuangdao city, Hebei province, China, on June 30, 2024. Photo: Simon Song

China property

Chinese developer Sino-Ocean’s debt plan wins court approval in UK

The outcome potentially paves the way for the company to prevail in a liquidation lawsuit in Hong Kong later this month.

4 Feb 2025 - 4:25PM

China stock market

Beijing unveils US$7.2 billion injection of insurer capital for stocks

27 Jan 2025 - 3:00PM

Insurance

Buyers from mainland China drive record Hong Kong life insurance sales

30 Aug 2024 - 4:39PM

China property

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

Linklaters, the legal adviser for an ad hoc group of bondholders, held a meeting on Wednesday to boycott the developer’s proposal, urging creditors not to sign the restructuring support agreement.

26 Jul 2024 - 6:46PMvideocam

Models of new residential buildings developed by Sino-Ocean Group in Qinhuangdao city, Hebei province. Photo: Simon Song

China stock market

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

New China Life Insurance and China Life Insurance will each invest US$3.5 billion in the equity fund that will be managed by a joint venture called Honghu Private Securities Investment Fund.

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

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

People relax on a bench at a residential compound in Beijing on May 26, 2023. Photo: AFP

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

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

People wearing face masks to prevent the spread of Covid-19 walk across a street near a shopping mall in Beijing on April 15. Photo: Reuters

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

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

Banking & finance

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