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  1. 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 ...

  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 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 ...

  4. 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, ...

  5. Ming An to triple mainland network

    Posted Mar 22nd 2007, 12:00am by Staff Reporter

    ... Amy Gu Ming An (Holdings), a non-life insurer partly owned by Cheung Kong (Holdings), plans to triple its mainland network in a bid to more than double its premium from that market in five ... the figure was higher than the minimum forecast of HK$254 million it made when the firm was listed in Hong Kong in December last year. The insurer, which has four mainland outlets, planned to open 12 ...

  6. New China Life submits listing application

    Posted Aug 12th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com New China Life Insurance, the mainland's third-largest life insurer, has reportedly filed an application to the Hong Kong stock exchange, ... in October to raise as much as US$4 billion, Dow Jones reported. New China Life could not be reached for comment yesterday. Rating agency Standard & Poor's estimated last month that mainland ...

  7. China Life set for initial public offering rush

    Posted Dec 08th 2003, 12:00am by Christine Chan

    ... Christine Chan China Life Insurance is printing millions of application forms- enough for one in every three people in Hong Kong- to meet the expected huge demand for its up to US$3 ... in China's No1 insurer, which has a 45 per cent share of the mainland life insurance market. China Life, meanwhile, was in discussions with potential strategic investors, chairman and president Wang ...

  8. China Life expected to price IPO at top end

    Posted Dec 28th 2006, 12:00am by Staff Reporter

    ... Amy Gu China Life Insurance, the country's biggest life insurer, will price its yuan-denominated stock at the top end of the indicative range after attracting a record amount ... 'The insurer placed 40 per cent of its A shares with strategic investors and business partners and, if the price is too high, strategic investors won't make gains.' China Life, which ...

  9. 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 ...

  10. 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 ...




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