• Thu
  • Dec 18, 2014
  • Updated: 3:08pm

China Life

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

China Life, Ping An earnings jump in first nine months on stock rally

Ping An Insurance says its net profit in the first nine months rose to 23.3 billion yuan from 16.1 billion yuan last year. Photo: AFP

A recovery in the stock markets boosted the earnings of mainland insurers, with China Life Insurance more than tripling its profit in the first nine months of the year and Ping An Insurance increasing its 45.1 per cent.

Saturday, 26 October, 2013, 2:55am

China Life sees first-quarter net profits leap by 80pc

Shares in China Life rose 0.73 per cent to close at HK$20.6 before the announcement was made.

China Life, the largest life insurer on the mainland, said net profit grew nearly 80 per cent, to 10 billion yuan (HK$12.45 billion), in the first quarter compared with the same period last year.

26 Apr 2013 - 4:13am

Accounting showdown

The US regulator wants the audit papers of Chinese companies listed on US stock exchanges or it will delist them. Photo: Reuters

Without much public fanfare or even awareness except in the gloomy world of bean-counting accountants, China and the United States have embarked on yet another business collision course. Patrick Chovanec, the respected Tsinghua University-based American academic asks whether they can avert an "accounting Armageddon".

12 Dec 2012 - 4:04am

China Life eyes bigger stake in Guangfa Bank

China Life Insurance aims to increase its stake in China Guangfa Bank, a move that will give it more control over the mid-sized Chinese lender.

29 Aug 2012 - 4:11am

Market Wrap: Chinese insurers act as a drag on the Hong Kong market ahead of China Life results

Investors dumped shares of mainland insurers on Tuesday, putting the brakes on the benchmark Hang Seng Index (HSI), with fears growing that leading Chinese insurer China Life (2628.HK) would report disappointing earnings and mainland insurers' A share prices would remain weak.

29 Aug 2012 - 3:05pm

Insurers pay price for heavy stock exposure

Shares of the mainland's two biggest insurers fell yesterday after last week's rally as China Life Insurance posted worse than expected first-quarter earnings, hurt by losses from its investments in the tumbling stock market.

29 Apr 2008 - 12:00am

China Life opts for safe investments

Forget about China Life Insurance's record income of 19.4 billion yuan (HK$21.52 billion) from equities last year, which it made even though it prudently kept stock holdings at 23 per cent of total assets, below the regulatory ceiling of 25 per cent.

31 Mar 2008 - 12:00am

China Life buys Visa IPO shares for US$300m

China Life Insurance has invested US$300 million in Visa's initial public offering, making it the first mainland insurer to make a pre-listing investment in a multinational company.

25 Mar 2008 - 12:00am

China Life boosts bonus for policyholders

China Life Insurance tripled its payment of investment-linked bonuses last year, indicating strong earnings at the country's biggest insurance company despite rising volatility in the stock market.

15 Mar 2008 - 12:00am

Fat years over for mainland insurers

Shares of mainland insurance companies have enjoyed a blistering run-up over the past two years. Now there are signs the fat times may be at an end.

28 Jan 2008 - 12:00am

China Life targets Agricultural Bank stake

China Life Insurance may take a stake in the Agricultural Bank of China to boost the return of its investment portfolio.

China Life is most likely to make the investment when the bank goes public, subjecting itself to a shorter lock-up period than the three years required of a founding corporate shareholder, a source said.

4 Jul 2006 - 12:00am

Lai see

WIRING THE SPRATLEYS

14 Apr 2004 - 12:00am

Stock-trading lessons from long ago

The initial public offering market is back, and its centre of gravity is China. The enthusiasm for mainland-related IPOs is such that people are reaching for comparisons to the 1997 'red chip' frenzy and the 2000 dotcom stock mania that peaked in Hong Kong with the much-hyped, retail-investor-friendly tom.com offering.

9 Dec 2003 - 12:00am