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China Life Insurance

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

Residential buildings at the Ruihong Xincheng project in Shanghai's Hong Kou district. Photo: SCMP Handout

Shui On sells prime Shanghai projects to China Life

Shui On Land has struck a deal to sell almost half its stake in a portfolio of prime Shanghai property projects to China Life Insurance for 4.16 billion yuan (US$630 million), its latest move to pursue an “asset-light strategy”.

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