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  • September 19, 2014
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  1. China Life nets 7.8b yuan on investment earnings

    Posted Oct 30th 2007, 12:00am by Staff Reporter

    ... Jonathan Yang Insurer among world's top 10 companies by market value China Life Insurance, the country's largest life insurer, yesterday posted third-quarter net profit of 7.82 billion yuan on investment gains amid rising insurance premiums. China Life, reporting third-quarter numbers for the first time since raising 28.3 billion yuan in a share listing in Shanghai ...

  2. Earnings at China Life soar 114.4pc

    Posted Apr 18th 2007, 12:00am by Staff Reporter

    ... Maria Chan China Life Insurance, the mainland's largest life insurer, said profit surged 114.44 per cent last year to a record, as it sold more policies and reaped higher returns from ... Life declared a final dividend of 14 fen per share. Its stock closed 2.14 per cent lower at HK$25.15 yesterday. Reaping the fruit China Life Insurance's forecast-beating net profit, ...

  3. China Life Insurance intending to buy stakes in two state lenders

    Posted Mar 10th 2008, 12:00am by Carol Chan

    ... Carol Chan in Beijing China Life Insurance is interested in buying stakes in both Agricultural Bank of China and China Development Bank as it seeks to diversify into other financial ... with them,' he said on the sidelines of the annual meeting of China's top political advisory body. Mr Yang said China Life, the country's biggest insurer, was in talks to buy a stake ...

  4. Stock surge slows rise in China Life premiums

    Posted Jan 19th 2008, 12:00am by Staff Reporter

    ... life insurance products. Beijing-based China Life Insurance late on Thursday announced 196.6 billion yuan in unaudited premium income for last year, a slower increase of 6.94 per cent year on year compared with 8.9 per cent growth in 2006. 'Growth of insurance premiums at China Life started to slow in the second half of last year,' said Olive Xia, an analyst from Core ...

  5. Result momentum propels China Life in Shanghai and HK

    Posted Aug 29th 2007, 12:00am by Staff Reporter

    ... Maria Chan Shares of China Life Insurance, the mainland's largest insurer, soared in Hong Kong and Shanghai yesterday, propelled by its recent earnings, especially from its investment ... Life's business is doing well but that's no surprise to the market,' said an analyst with another US brokerage firm. Ping An Insurance also did well and got a contribution from its ...

  6. Ex-insurance chief jailed six years for 200m yuan theft

    Posted Mar 03rd 2012, 12:00am

    ... He Huifeng huifeng.he@scmp.com A former chairman of New China Life Insurance, one of the mainland's biggest insurers, was jailed for six years by the Beijing's No 2 Intermediate ... Life, which was established by Guan Guoliang in 1996. In September 2006, the China Insurance Regulatory Commission sent an investigation team to New China Life and found the problem. It fired ...

  7. New China Life puts off US$1b IPO

    Posted Mar 09th 2007, 12:00am by Staff Reporter

    ... Amy Gu in Beijing Delay stems from protracted probe into the firm and its ex-chairman over 800m yuan fund misuse New China Life Insurance will delay its initial public offering of up ... privately-owned firms, yesterday. Orient holds 13 per cent of the insurer through two subsidiaries. When it finally does an IPO, New China Life might do so simultaneously in Shanghai and Hong Kong, ...

  8. China Life to acquire 60pc of pension manager

    Posted Jul 19th 2007, 12:00am by Tom Miller

    ... Tom Miller in Beijing China Life Insurance has agreed to buy a majority stake in pension manager China Credit Trust, a sign that the nation's cash-rich insurers will use their growing ... of the company's intent to open up new business channels and diversify from traditional property and life insurance policies. 'For China Life 3.6 billion yuan is a pretty small sum. It continues ...

  9. China Life achieves 8.9b yuan in quarter

    Posted Apr 24th 2007, 12:00am by Staff Reporter

    ... Maria Chan China Life Insurance yesterday reported a first-quarter net profit of 8.88 billion yuan or 31 fen a share. The results, based on Chinese accounting standards, did not provide comparable figures, as this was the insurer's first quarterly report since its mainland listing in January. Profit from insurance business was 73.86 billion yuan, while income from investment ...

  10. New China Life targets 5b yuan IPO

    Posted Nov 17th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com New China Life Insurance, the mainland's third biggest life insurer, has received approval to launch its initial public offering (IPO), ... to 412.2 million H shares in Hong Kong, or 13 per cent of its enlarged capital. It is not known how much the life insurer aims to raise through the dual listing, but state-owned China Securities ...




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