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  1. China Life books 45.5pc profit plunge

    Posted Mar 27th 2012, 12:00am

    ... May Chan may.chan@scmp.com China Life Insurance, the country's biggest life insurer, saw its net profit plunge 45.5 per cent last year to 18.33 billion yuan (HK$22.56 billion) as it made major investment losses in a wobbly capital market and saw slower growth. The insurer now controls just 33.3 per cent of the life insurance market in the country, compared with more than ...

  2. New China Life to offer shares in HK, Shanghai

    Posted Dec 02nd 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com China's third-largest insurer New China Life Insurance aims to strengthen its capital base after a global H-share offering to raise up to nearly ... Xingfeng, chief actuary of New China Life, said yesterday. New China Life aimed to boost the ratio to 150 per cent. The ratio refers to the size of an insurer's capital relative to premium ...

  3. 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 ...

  4. China Life shares drop 11.5pc as profits plunge

    Posted Aug 25th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com China Life Insurance's shares plummeted yesterday because of disappointing half-year results and uncertain prospects for the mainland's insurance ... continue to look at the possibility of selling subordinated debt in Hong Kong to take advantage of lower costs. China Life recently announced plans to sell up to 30 billion yuan (HK$36.6 billion) ...

  5. 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 ...

  6. China Life weighs risks for gain

    Posted Oct 01st 2009, 12:00am by Staff Reporter

    ... Daniel Ren The chairman of the mainland's largest life insurer, China Life Insurance, told a financial forum in Shanghai this year that while the top of the mountain offers the best views, it can be a precarious place to be. As head of cash-rich China Life since 2005, Yang Chao has to balance the potential upside of overseas investments with a good measure of risk aversion. ...

  7. Buyers need deep pockets for life of luxury

    Posted Aug 14th 2009, 12:00am by Staff Reporter

    ... Limited supply means home prices in Deep Water Bay and the surrounding areas of Shouson Hill, Brick Hill, Middle Island and Violet Hill are high. Ricky Poon, executive director at Colliers International, said that there had been few transactions in recent ...

  8. China Life posts 94.8pc profit growth

    Posted Mar 26th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu China Life Insurance, the mainland's largest insurer, said net earnings jumped 94.8 per cent last year, lower than analysts had expected as a weaker share market weighed on an otherwise stellar performance. The Beijing-based insurer, which controls almost 44 per cent of the nation's life insurance market, made 38.88 billion yuan (HK$42.95 billion) in profits, ...

  9. China Life on the prowl for US and Europe acquisitions

    Posted Mar 04th 2008, 12:00am by Carol Chan, Eric Ng

    ... Carol Chan and Eric Ng in Beijing Insurer cites relatively cheap valuation of overseas prospects China Life Insurance is looking for overseas acquisitions from the second quarter onwards ... and European companies are now relatively cheap at about 10 times forecast earnings while China Life and other mainland companies are trading at a much higher valuation of about 40 times. 'That ...

  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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