China Life Insurance Company | South China Morning Post
  • Thu
  • Jan 29, 2015
  • Updated: 6:27pm

China Life Insurance Company

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

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

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 People's Court on Thursday for embezzling 200 million yuan, the Beijing Evening News reported.

Saturday, 3 March, 2012, 12:00am

New China Life submits listing application

New China Life Insurance, the mainland's third-largest life insurer, has reportedly filed an application to the Hong Kong stock exchange, kick-starting its dual Shanghai-Hong Kong initial public offering despite weak market conditions.

12 Aug 2011 - 12:00am

Stork raving mad

Neither inflation, a simmering eurozone debt crisis nor the near death of the United States' AAA rating will keep IPO bankers from their appointed rounds.

8 Aug 2011 - 12:00am

China Life plans injection

China Life Insurance, the mainland's largest life insurer, said yesterday it would inject 1.2 billion yuan (HK$1.35 billion) into its property and casualty insurance joint venture to further strengthen the capital base.

26 May 2008 - 12:00am

China Life on the prowl for US and Europe acquisitions

Insurer cites relatively cheap valuation of overseas prospects

China Life Insurance is looking for overseas acquisitions from the second quarter onwards to lift profitability, chairman Yang Chao said.

4 Mar 2008 - 12:00am

China Life nets 7.8b yuan on investment earnings

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.

30 Oct 2007 - 12:00am

AXA seeks insurance team leader

A self-starter with general insurance experience in China may make a mark with this offering from AXA General Insurance.

The parent group, AXA, one of the top 15 Fortune 500 companies, has expanded its general insurance business into China through its recent worldwide acquisition of Winterthur, which has a branch in Shanghai.

9 Jun 2007 - 12:00am

Earnings at China Life soar 114.4pc

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 investments.

Net profit rose to 19.96 billion yuan from 9.31 billion yuan in 2005, beating the mean estimate of 16.2 billion yuan by 11 analysts in a Bloomberg survey.

18 Apr 2007 - 12:00am

Carlyle, ally cleared to swap China Pacific stake

US buyout firm Carlyle Group and partner Prudential Financial have received in principle approval from mainland regulators to swap their combined 25 per cent stake in China Pacific Life Insurance into the parent firm, sources said.

Carlyle did not return a call seeking comment.

30 Mar 2007 - 12:00am

China Re seeks top reinsurers as key investors

China Reinsurance, which 15 months ago lost its government-sanctioned dominance of the mainland's reinsurance market, is talking to the world's leading reinsurers, Swiss Re and Munich Re, about taking a strategic stake in the company, market sources said.

'They are actively looking for a partner,' said a person familiar with the matter.

24 Mar 2007 - 12:00am

New China Life puts off US$1b IPO

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 to US$1 billion until at least 2009 due to a protracted investigation into the firm and the deposing of its chairman, said one of its key shareholders.

9 Mar 2007 - 12:00am

China Life expected to price IPO at top end

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 of subscriptions from investors, according to a source.

28 Dec 2006 - 12:00am

Chief axed as Pacific Insurance gears up for US$1b IPO

China Pacific Insurance (Group) chairman Wang Guoliang has been removed from his post as the mainland's third-largest insurer prepares for a US$1 billion stock market flotation next year.

1 Aug 2006 - 12:00am

China's success story still enthralling US

The United States listing of mainland companies will increase this year as the China story continues to

catch investors' attention, according to a global accounting firm.

'Based on the number of deals in the pipeline, I believe the number of initial public offerings of

20 Apr 2006 - 12:00am

China Life misused funds to build tower

Auditor uncovers 5.4 billion yuan in irregularities at China's largest insurer

China's largest life insurer misused 750 million yuan to build a Beijing office tower before its initial public offering last year, mainland legislators were told this week.

31 Dec 2004 - 12:00am

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