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China Life Insurance

Tourists crowd the Avenue of the Stars at Victoria Harbour in Tsim Sha Tsui during the ‘Golden Week’ holiday period on October 2, 2023. Photo: May Tse

Insurance

Buyers from mainland China drive record Hong Kong life insurance sales

Sales surge 12 per cent to US$14.9 billion as mainland visitors continue buying spree to chase better returns and hedge the yuan.

30 Aug 2024 - 4:39PM

China property

Bondholders ‘strongly oppose’ Chinese developer Sino-Ocean’s debt-revamp plan

26 Jul 2024 - 6:46PMvideocam

China stock market

Chinese insurers to launch US$7 billion equity fund as state support rises

30 Nov 2023 - 4:45PM

China property

Sino-Ocean seeks 12-month reprieve to repay US$280 million bond as sales slump

Chinese developer Sino-Ocean has proposed to roll over a bond by 12 months as it struggles with a liquidity squeeze. Bondholders have demanded a full repayment when due on August 2.

25 Jul 2023 - 6:00PMvideocam

Sino-Ocean and Swire Pacific jointly developed the Taikoo Li shopping mall in Chengdu, China. Photo: SCMP

Banking & finance

China’s private pension market could be US$969 billion opportunity by 2030

Private individual pensions could grow into a US$969 billion opportunity within China’s overall US$3.8 trillion pension market by 2030, according to KPMG China and ASIFMA.

26 Jun 2023 - 3:22PMvideocam

China stock market

Chinese insurance stocks back in favour after best first-quarter result in five years

A gauge of five insurers trading on the Shanghai Stock Exchange has risen 22 per cent since the start of April, according to data compiler Shanghai DZH. The benchmark Shanghai Composite Index has gained about 2 per cent in the same time span.

5 May 2023 - 7:58PM

US-listed Chinese stocks

More Chinese state-owned firms will delist from US, analysts say

The voluntary delisting of five SOEs including Sinopec and PetroChina from the New York Stock Exchange could pave the way for further exits, according to analysts.

16 Aug 2022 - 8:47AMvideocam

The voluntary delisting of five SOEs from the New York Stock Exchange could pave the way for further exits, according to analysts. Photo: AP

Insurance

Chinese insurers take a market beating as lockdowns hurt investment pool

China’s biggest insurers suffered a beating last quarter as stock and bond losses eroded income from their trillion-dollar investment pools.

2 May 2022 - 5:00PMvideocam

Insurance

Chinese insurers compete in ‘quarantine coverage’ amid health costs pressure

Coverage periods have been shortened and prices lowered amid regulatory pressure to avoid consumer rights abuses

6 Apr 2022 - 7:14PMvideocam

Banking & finance

China to cut foreign ownership cap for firms handling US$2.9 trillion in assets

In a boost for overseas insurance companies, China is set to scrap a cap on foreign ownership of insurance asset management companies under draft rules announced on Friday.

10 Dec 2021 - 5:20PMvideocam

A street in Shanghai. The China Banking and Insurance Regulatory Commission says it will collect public opinion on the rule change for a month. Photo: EPA-EFE

Dealing with debt

China’s Huarong gets state-led bailout after record 2020 loss

The rescue package unveiled on Wednesday, while thin on official details, suggests President Xi Jinping’s government is for now unwilling to allow a default by one of China’s most systemically important state-owned companies.

19 Aug 2021 - 4:02PM

China Huarong Asset Management’s office in Beijing on April 16, 2021. Photo: Reuters

Banking & finance

China Life to buy US$2.7 billion of shares in affiliate Guangfa Bank

China Life Insurance plans to buy 2 billion new shares of its affiliate China Guangfa Bank to prevent its stake from being diluted by new investors in the lender.

26 May 2021 - 7:39PM

China census and demographics 2021

China turns to insurers to unlock GDP-sized savings to avert pension crisis

China will launch a one-year pilot programme in June to spur the sale of private endowment plans and help ease the pressure on state pension fund. Foreign insurers will be keeping a close watch.

25 May 2021 - 10:50AMvideocam

Alibaba

Chinese firms largely missing from list of world’s most admired companies

Kweichow Moutai is the only Chinese company to rank among the top 10 in the FutureBrand Index, with the top spot going to Apple.

6 Aug 2020 - 9:38PM

Kweichow Moutai ranked fifth in the FutureBrand Index. Photo: Simon Song

InsuTech

Here’s how tech cuts China’s medical cost to the price of a Starbucks coffee

In the fourth in a five-part series, Enoch Yiu looks how technology firms like Ant Financial and Tencent Holdings are using their innovative powers to create insurtech and mutual aid platforms that make health care coverage affordable to more people.

4 Apr 2020 - 12:49PMvideocam

China stock market

China Life’s nine-month profit jumps 190 per cent on investment gains

Net income for the first three quarters surged to 57.7 billion yuan, China Life said in an exchange statement.

29 Oct 2019 - 9:37PM

Ping An Insurance

Exclusive | Chinese insurers have upper hand as banks shy away from real estate

Mainland Chinese insurers are benefiting from Beijing’s deleveraging drive, as a scarcity of long-term funds helps them seal commercial property deals.

21 May 2019 - 7:17PM

Insurance

Hong Kong insurers should broaden horizons to tap Bay Area

Hong Kong insurers need to be innovative and forge closer ties with the Greater Bay Area or risk losing out to Singapore and Shanghai, according to the Financial Services Development Council

18 Dec 2018 - 7:02AM

InsuTech

London billionaire Michael Spencer boosts stake in Singapore Life

7 Dec 2018 - 9:42PM

Insurance

Hong Kong insurance regains sparkle among mainland investors

Prudential reports life and health insurance policies taken out by mainland clients jumped 23 per cent in the third quarter on year China’s yuan has fallen 10 per cent against the US dollar from its peak in March, sparking rush to Hong Kong insurance as hedging tool

30 Nov 2018 - 8:23PM

Insurance

Insurance stocks hammered by expected Mangkhut claims costs

As trading reopens in Hong Kong, insurance stocks head south

17 Sep 2018 - 7:00PM

Bearing the brunt: Macau workers clear up scaffolding brought down by strong winds, a day after Typhoon Mangkhut hammered there, Hong Kong and southern China. Photo: AFP)

Hong Kong company reporting season

China Life looks to technology to boost sales as interim profit misses forecasts

24 Aug 2018 - 11:02PM

Insurance

Insurer Sun Life eyes increased stake in China joint venture

Sun Life Global is considering increasing its shareholding in Chinese joint venture Sun Life Everbright Life Insurance, according to CEO Dean Connor. “We are bullish on China. If we could buy a larger percentage we would like to,” he said.

2 Jul 2018 - 8:01AM

Insurance

China is considering a game changing ‘insurance connect’

26 Jun 2018 - 11:02PM

Insurance

Life insurance premiums paid by mainlanders in HK plummet 37pc

‘We will need to wait and see if Beijing relaxes its controls or offers any special incentives for the Greater Bay Area, whether there is another wave of mainlanders buying life products here,’ says sector lawmaker Chan Kin-por

1 Jun 2018 - 6:30AM

Mainland buyers spent HK$11.8 billion (US$1.5 billion) on life premiums in the first three months of 2018 – a 37 per cent fall on the same quarter last year. Photo: Bloomberg

Insurance

New | Sino-Ocean first to swoop on Anbang assets since state takeover

News coincides with founder Wu Xiaohui’s conviction earlier in the day to 18 years in prison with US$1.65b worth of his personal properties confiscated

10 May 2018 - 10:40PM

The Anbang offices in Beijing. Sino-Ocean Land, a company controlled by China Life Insurance, is buying Anbang’s equity stakes in a real estate venture in Beijing. Photo: AP

Hong Kong company reporting season

China’s top insurer bets future growth on big data, AI

23 Mar 2018 - 2:14PM

Hong Kong company reporting season

China’s top insurers expected to report improved profits for 2017

19 Mar 2018 - 7:31AM

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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.

Chairman / President

Wang Bin

CEO / Managing Director

Su Hengxuan

CFO / Finance Director

Zhao Peng

Industry

Insurance

Website

e-chinalife.com

Headquarters Address

16 Financial Street, Xicheng District, Beijing, China

Stock Code

SEHK: 2628

Year Founded

2003

last updated:

28 August, 2024