2628.HK - China Life Insurance Company Limited

HKSE - HKSE Delayed Price. Currency in HKD
20.750
-0.300 (-1.43%)
At close: 4:08PM HKT
Stock chart is not supported by your current browser
Previous Close21.050
Open20.600
Bid20.700 x 0
Ask20.750 x 0
Day's Range20.450 - 20.800
52 Week Range15.900 - 23.350
Volume41,719,736
Avg. Volume30,803,653
Market Cap967.963B
Beta (3Y Monthly)1.43
PE Ratio (TTM)46.73
EPS (TTM)0.444
Earnings DateN/A
Forward Dividend & Yield0.18 (0.86%)
Ex-Dividend Date2019-06-06
1y Target Est21.48
  • China Pacific's Swiss Policy Is Aimed at London
    Bloomberg

    China Pacific's Swiss Policy Is Aimed at London

    (Bloomberg Opinion) -- It’s a deal linking Shanghai and Zurich, but the real target looks to be London.China Pacific Insurance (Group) Co. is in talks to invest at least $2 billion in Swiss Re AG, Manuel Baigorri of Bloomberg News reported Wednesday, citing people familiar with the matter. Shanghai-based China Pacific is the country’s third-largest insurer, while Zurich-based Swiss Re is Switzerland’s biggest reinsurance company.At the current market price, $2 billion would buy China Pacific less than 6% of its target. That won’t give the Chinese insurer any sway over how Swiss Re spends its cash — thought to be the motivation for SoftBank Group Corp.’s ultimately abandoned interest in the company last year. As a passive financial investment, a deal would make sense for the acquirer: Swiss Re shares have gained 17% this year, and the reinsurer trades on a chunky 5.3% dividend yield. The real prize for the Chinese company, though, would be the parallel investment that Swiss Re would make in China Pacific.This is where London comes in. China Pacific said in September that it’s planning to sell global depository receipts to be listed in the British capital. This would be only the second listing under the Shanghai-London Stock Connect program. There’s a lot of political capital riding on this endeavor: China Pacific is controlled by the Shanghai government, and an anchor investor such as Swiss Re would boost the profile and attractions of the offering.Huatai Securities Co. became the first company to start trading under the cross-border listing program in June. While the brokerage’s shares have gained more than 20% since their debut, trading volume has been anemic: An average of about 250,000 GDRs out of 735 million outstanding have changed hands daily. Anything that helps to burnish interest in the China Pacific sale will be welcome.Swiss Re said in a statement that it’s been exploring a potential investment in a sale of new securities by China Pacific. The Swiss company would spend $500 million to $1 billion for a minority stake under the deal being discussed, according to the Bloomberg News report.China Pacific has a good story to tell. It’s one of the key players in a market where insurance demand is surging as incomes rise and state-run health and welfare systems remain underdeveloped. The insurer’s net income has climbed by half in the past two years and earnings per share are forecast to grow 60% in 2019, according to the consensus estimate compiled by Bloomberg. The shares have gained 20% in Hong Kong this year.To be sure, there would be other benefits from a tie-up. China Pacific may gain access to the Swiss reinsurer’s product development expertise and a wealth of data that can help in pricing risk. These advantages are gaining in importance as China opens up its already competitive financial markets to further foreign participation.Swiss Re already has interests in the region, via stakes in New China Life Insurance Co. and FWD Group Ltd., the Asian insurer backed by Hong Kong tycoon Richard Li. The company has also held discussions with Chinese authorities about an investment in Beijing-based Anbang Insurance Group Co., Bloomberg New reported last year.Still, after suffering losses from major claims like Hurricane Dorian in the Caribbean and suspending its U.K. insurance IPO, it’s smart for Swiss Re to do more with its China connections. A $1 billion slice of China Pacific’s London offering could buy a lot of goodwill. To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Taiwan Steps Up Controls as Insurers Gorge on Foreign Debt
    Bloomberg

    Taiwan Steps Up Controls as Insurers Gorge on Foreign Debt

    (Bloomberg) -- Taiwan’s regulators stepped up what’s become a years-long campaign to limit dangers in the economy’s giant institutional investors, who’ve been driven to riskier assets by low global bond yields.The Financial Supervisory Commission said in a statement Tuesday that it is raising the risk-capital charge for insurance firms buying exchange-traded funds that track foreign bonds but are denominated in local currency. Taiwanese investors have piled into these securities in their search for yield, driving some $26.6 billion in sales over January through October, according to data compiled by Bloomberg.“In the event of a shock, the insurers could see their capital eroded as U.S. bonds sell off -- and simultaneously face difficulty rolling over their dollar hedges,” Brad Setser, a former U.S. Treasury official now at the Council on Foreign Relations, said in an interview before Tuesday’s news. “The Asian insurers are taking on many of the same sets of risks that the European banks took on prior to the global crisis,” when they loaded up on U.S. mortgage securities, he said.Taiwan held some $622 billion in long-term U.S. securities as of June, according to the U.S. Treasury. While that figure includes official holdings, the element that has spurred the concern of some observers is insurers’ exposure to overseas credit risks, both in dollars and other foreign currencies.Regulators have put caps on insurance companies’ exposure, though there have been loopholes. Insurers piled into foreign-currency bonds issued in Taiwan to get around those caps before the regulator took action last November, and since 2017 into ETFs denominated in Taiwan dollars but mostly created from U.S. corporate bonds.The imposition of the new 6.61% currency-risk capital charge Tuesday addresses that last category. Combined with asset-specific risk charges, the new measure brings the total risk ratios to close to 13% and 15% for developed- and emerging-market bond funds respectively, as much as 7 percentage points more than under the previous calculation method.“The issuance of bond ETFs might slow down a little bit next year,” said Eddie Cheng, a vice president at Cathay Securities Investment Trust Co., one of the leading issuers of those instruments in Taiwan.Even so, the vice chairwoman of Taipei-based China Life Insurance, Kuo Yu-ling, said the new charge will not deter the company from continuing its steady allocation into foreign bond ETFs. She said about 5% of China Life’s assets are allocated to bond ETFs.The strengthening in regulations -- previously reported as under consideration by Bloomberg -- have contributed to an appreciation in Taiwan’s dollar, which has soared thanks to an influx of foreign funds into local stocks. The currency hit its highest since July 2018 Wednesday, at 30.475 per dollar. Twelve-month non-deliverable forwards traded at the biggest premium over the Taiwan dollar spot price in nearly two years.The appreciation is due in part to “life insurers raising hedging demand” as domestic regulations tighten, said Gao Qi, a strategist at Scotiabank in Singapore.Taiwan’s moves are part of broader concerns among Asian economies with high savings that have seen strong flows into dollar securities. Japanese regulators are strengthening scrutiny of their banks’ moves into collateralized loan obligations.“Historically whenever interest rates are very low and underlying liquidity ample -- which I believe may be the case today -- investors tend to take on too much risk,” said Michael Pettis, a professor of finance at the Guanghua School of Management at Peking University in Beijing. “Regulators will try to prevent them from taking on the kinds of risk that caused the last crisis, but inevitably they take on risk in new forms.”At stake for Taiwan’s regulators could be the price of a bailout should the island’s institutional investors’ bets go awry, according to Setser, who has been warning about Taiwanese financial risks in recent weeks.“Regulators have already allowed the insurers to take on excessive currency risk, and now have to manage an industry that cannot financially survive a large currency shock without government intervention,” he said.(Adds market move in ninth paragraph.)\--With assistance from Eric Lam and Stephen Spratt.To contact the reporters on this story: Miaojung Lin in Taipei at mlin179@bloomberg.net;Enda Curran in hong kong at ecurran8@bloomberg.net;Chinmei Sung in Taipei at csung4@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Samson EllisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • South China Morning Post

    China Life's profit jumps almost three fold in first nine months on investment gains

    China Life Insurance, the nation's second-largest insurer, posted an almost threefold increase in profit for the first nine months, as a run-up in stocks bolstered investment gains and premium incomes rose.Net income for the first three quarters jumped 190 per cent from a year ago to 57.7 billion yuan (US$8.2 billion) based on the Chinese accounting standard, the insurer said in an exchange statement. The value of new business, a gauge of future profitability, grew by 20 per cent in the period, it said. China Life did not provide data for the third quarter alone in the report.A turnaround on China's Shanghai Composite Index significantly boosted profits of insurance companies, which are allowed to invest as much as 30 per cent of their assets in equities. The benchmark has risen 18 per cent so far this year, reversing an annual loss of 25 per cent in 2018, as policymakers loosen policies to offset the fallout of the China-US trade war and foreign inflows accelerate.China Life's investment yield was 5.72 per cent in the nine-month period, an increase of 2.31 percentage points from a year earlier, it said in the quarterly report. Premium incomes increased 6.1 per cent from a year ago to 497 billion yuan and the number of sales people rose by 10 per cent, to 1.95 million, it said. China Life looks to new technology to boost insurance sales as interim profit misses forecastsShares of China Life have surged 51 per cent this year in Shanghai and its Hong Kong-traded stock has risen 19 per cent.In July, China eased rules for foreign insurance companies looking to enter the country.China's insurance market is dominated by domestic players despite years of reforms. Foreign insurers have an 8.1 per cent share, a level that would suggest mainland consumers have yet to reap benefits that come with greater market competition, according to Moody's Investors Service.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

  • Should You Be Tempted To Sell China Life Insurance Company Limited (HKG:2628) Because Of Its P/E Ratio?
    Simply Wall St.

    Should You Be Tempted To Sell China Life Insurance Company Limited (HKG:2628) Because Of Its P/E Ratio?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Alibaba Stock is a Strong Buy Now — More Than Ever Before
    InvestorPlace

    Alibaba Stock is a Strong Buy Now — More Than Ever Before

    When it comes to diversified tech giant Alibaba (NYSE:BABA), being an investor comes with its share of harassment. Nevertheless, it's time to watch for a capitalist opportunity now that a key battle line has been crossed.Source: zhu difeng / Shutterstock.com For U.S. investors, profiting in Chinese stocks has been more challenging these days. Many large-cap stocks and industry leaders in China ranging from Tencent (OTCMKTS:TCEHY), to China Mobile (NYSE:CHL), China Life Insurance Company (NYSE:LFC) or China Petroleum & Chemical Corporation (NYSE:SNP) have produced lackluster or negative returns in their U.S.-listed American Depository Receipts. And certainly the trade war has been a drag on stock performance.But Alibaba stock has been different. That's not to say it's been easy. Still, the fact is BABA has gained about 23% in 2019. The return is more than the S&P 500's climb of 18% and towers above U.S. tech giant Amazon's (NASDAQ:AMZN) 13% year-to-date increase.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why is Alibaba Stock Different?So, what is the deal with shares of BABA? Alibaba stock has and continues to defeat investors' fears within this macro-charged environment. Most recently BABA stock toppled Street profit and sales forecasts in mid-August. * 7 Beverage Stocks to Buy Now To be certain, there's always going to be something or someone trying to get investors to back away from buying Alibaba despite its successes. For some that might include recent reports the U.S. is considering delisting Chinese stocks. And that threat can't be entirely ignored. Or maybe fake merchandise sales in the past or allegations of accounting shenanigans have prevented investors from taking action in BABA stock?Okay, so there's plenty of reasons not to buy BABA shares. But obviously those arguments don't include price performance. Most important, Alibaba stock continues to come out on top despite headline warnings and a challenging market for Chinese stocks. Now and with BABA crossing an important battle line on the price chart, it's time to put shares on the radar for a well-timed purchase. BABA Stock Weekly ChartAs noted above, capturing BABA stock's gains of around 23% hasn't been a walk in the park. And as expressed, bad press isn't likely to just disappear. The better news is I also don't believe Alibaba's impressive rally is finished. I see a solid entry for a risk-adjusted purchase of BABA stock.The weekly chart shows that since failing from a breakout attempt to new highs last year, Alibaba stock has established a corrective symmetrical triangle base. It's not perfectly formed with clear-cut pivots to define the pattern, but the essence of this bullish formation is there.Following last week's price action, shares of Alibaba are in position to confirm a bullish engulfing candlestick which puts BABA stock back above the 50% retracement level of the base, as well as the triangle's apex line. With stochastics in a pullback set-up in neutral territory and on the verge of signaling a bullish crossover, the situation looks all the more promising. How to Trade AlibabaI'd recommend buying Alibaba shares above $174.88. This entry waits for the BABA stock price to confirm last week's candlestick and reinforces the bias for continued upside in the bullish triangle pattern. If BABA rallies, a breakout through angular resistance near $185 might be watched for adding shares on strength and before looking to take partial profits in-between $195-$215.For containing downside exposure in Alibaba stock, I'd keep an eye on the weekly stochastics to continue to support the position and set a modified stop-loss beneath $165 for a stronger risk-adjusted exit that offers sufficient evidence off and on the price chart for closing the trade.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post Alibaba Stock is a Strong Buy Now -- More Than Ever Before appeared first on InvestorPlace.

  • Is China Life Insurance Company Limited  (LFC) A Good Stock To Buy?
    Insider Monkey

    Is China Life Insurance Company Limited (LFC) A Good Stock To Buy?

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • AIA Can Withstand Hong Kong Visitor Hit
    Bloomberg

    AIA Can Withstand Hong Kong Visitor Hit

    (Bloomberg Opinion) -- Turbulent times should mean good business for insurers as people try to protect themselves against the hazards of an uncertain world. Hong Kong’s summer of unrest has proved anything but happy for shares of AIA Group Ltd., the city’s biggest seller of policies. The company may prove more resilient than investors are giving it credit for.AIA has slumped more than 16% from its July 19 peak, among the worst performers on Hong Kong’s Hang Seng Index in that period. The insurer has the third-highest weighting in the benchmark after HSBC Holdings Plc and Tencent Holdings Ltd., which have both lost less than 9% over the same time frame. AIA’s steepening decline is unusual for a stock that has mostly seen steady gains since it was spun out of American International Group Inc. after the financial crisis in 2010.Blame the Hong Kong protests. Anti-government demonstrations have led to a precipitous fall in mainland Chinese visitors to the semi-autonomous city. These tourists are an important source of business for Hong Kong insurers, whose dollar-based products offer a hedge against the falling yuan and a route outside China’s restrictive capital controls. Chinese tour groups to Hong Kong for the Golden Week holiday starting Oct. 1 are set to plunge 86% from a year earlier, Jinshan Hong and Qian Ye of Bloomberg News reported last week, citing the city’s Travel Industry Council.Policies sold to mainland visitors accounted for 26% of total new premiums received from individuals in the first six months of 2019, according to Hong Kong’s Insurance Authority. While AIA sells insurance across Asia, Hong Kong contributed 40% of its new business value in the first half, Michael Chang of CGS-CIMB Securities Ltd. reckons. Of this, mainland Chinese visitors accounted for 20%, Chang estimates.The physical presence of customers in Hong Kong is important because, unlike most financial assets, the city’s regulators require insurance to be sold face-to-face, at least to new clients. AIA, Prudential Plc and China Taiping Insurance Holdings Co., a state-controlled company based in Shanghai, are among the most reliant on mainland visitors, according to Bloomberg Intelligence analyst Steven Lam.There’s more to AIA’s China exposure than sales made in Hong Kong, though. The company’s new business value in China surged 26% in the first half to account for 29% of AIA’s total. Demand for insurance is surging in the mainland as incomes rise while health and retirement systems remain under-developed.Until recently, AIA had failed to make much headway in a market that’s dominated by state behemoths such as China Life Insurance Co., despite being the only foreign insurer allowed to operate without a partner (thanks to roots that stretch back to 1919, when AIG was founded in Shanghai). That may be starting to change as the government, under pressure from slowing economic growth, opens its financial markets further to overseas companies.This year, the government loosened regulations that restricted AIA to five geographical regions: Beijing, Shanghai, Shenzhen and the provinces of Jiangsu and Guangdong. The insurer has now moved into new provinces and started selling policies in Tianjin municipality and in the city of Shijiazhuang in Hebei province. (German insurer Allianz SE  has been given the green light to set up the first wholly foreign-owned insurance holding company in the country.)In any event, the collapse in Chinese visitors to Hong Kong is likely to ease even if the protests continue. Investment-linked insurance products denominated in the Hong Kong dollar – which is pegged to the greenback – offer a perennial hard-currency allure for mainland individuals with few opportunities to diversify at home. Insurers in the city also sell policies denominated in the U.S. dollar itself. AIA’s new business value in Hong Kong jumped 19% in the first half.The slide in AIA stock has taken its price to embedded value to 1.9 times, from a peak of 2.4 times at the end of June. That’s still a premium to rivals such as Ping An Insurance (Group) Co., at 1.3 times, and China Life at 0.5 times, according to data compiled by Bloomberg. Prudential, weighed down by its exposure to the slower-growing U.K. market, trades at 0.7 times embedded value. Still, 19 of 22 analysts tracked by Bloomberg rate AIA stock a buy, with only one sell recommendation.This slump looks to have limits.        To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Volatility 101: Should China Life Insurance (HKG:2628) Shares Have Dropped 14%?
    Simply Wall St.

    Volatility 101: Should China Life Insurance (HKG:2628) Shares Have Dropped 14%?

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

  • What Should Investors Know About China Life Insurance Company Limited's (HKG:2628) Growth?
    Simply Wall St.

    What Should Investors Know About China Life Insurance Company Limited's (HKG:2628) Growth?

    In March 2019, China Life Insurance Company Limited (HKG:2628) released its earnings update. Generally, it seems that...

  • PR Newswire

    China Life Insurance Company Limited Announces 2019 Interim Results (H SHARES)

    HONG KONG, Aug. 22, 2019 /PRNewswire/ -- China Life Insurance Company Limited (SSE: 601628, SEHK: 2628, NYSE: LFC) announces the unaudited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the six months ended 30 June 2019 (the "Reporting Period") prepared under the International Financial Reporting Standards today. As at the end of the Reporting Period, the Company's total assets reached RMB3,479,860 million, an increase of 6.9% from the end of 2018. The Company's embedded value was RMB886,804 million, an increase of 11.5% from the end of 2018.

  • PR Newswire

    China Life Insurance Company Limited Announced Resignation of Mr. Zhao Lijun as the Person in Charge of Finance

    HKSE: 2628) announced today that Mr. Zhao Lijun tendered his resignation as the person in charge of finance (equivalent to Chief Financial Officer) of the Company on July 8, 2019 due to the adjustment of management division, which took effect on the same day. The Company would like to express its gratitude to Mr. Zhao Lijun for his contribution to the Company during his tenure of service as the person in charge of finance of the Company. China Life also announced that the Board has nominated Mr. Zhao Peng as the person in charge of finance of the Company at the twelfth meeting of the sixth session of the Board.

  • Should You Investigate China Life Insurance Company Limited (HKG:2628) At HK$19.24?
    Simply Wall St.

    Should You Investigate China Life Insurance Company Limited (HKG:2628) At HK$19.24?

    China Life Insurance Company Limited (HKG:2628) saw significant share price movement during recent months on the SEHK...

  • Reuters

    BRIEF-China Life Insurance's Q1 Premium Up 11.9 Pct Y/Y

    April 25 (Reuters) - China Life Insurance Co Ltd : * SAYS Q1 PREMIUM UP 11.9 PERCENT Y/Y AT 272.35 BILLION YUAN ($40.40 billion) Source text in Chinese: https://bit.ly/2Vp0aFR Further company coverage: ...

  • PR Newswire

    China Life Announces Filing of 2018 Annual Report on Form 20-F

    BEIJING , April 24, 2019 /PRNewswire/ -- China Life Insurance Company Limited (the "Company") (NYSE: LFC; HKSE: 2628; SSE: 601628), announced that the Company has filed its 2018 Annual Report ...

  • China Life Insurance Company Ltd. (LFC): Are Hedge Funds Right About This Stock?
    Insider Monkey

    China Life Insurance Company Ltd. (LFC): Are Hedge Funds Right About This Stock?

    Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]

  • PR Newswire

    China Life Insurance Company Limited Announces 2018 Annual Results (H SHARES)

    HONG KONG, March 27, 2019 /PRNewswire/ -- China Life Insurance Company Limited (SSE: 601628, SEHK: 2628, NYSE: LFC) announces the audited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the year ended 31 December 2018 (the "Reporting Period") prepared under the International Financial Reporting Standards today. As at the end of the Reporting Period, the Company's total assets reached RMB3,254,403 million, an increase of 12.3% from the end of 2017. The Company's embedded value was RMB795,052 million, an increase of 8.3% year-on-year.

  • Reuters

    China Life 2018 profit plunges on poor stock market returns

    * China Life annual profit falls 64.7 pct y/y * Gross investment returns drop 30 pct y/y amid weak stock market (Adds bullet points, details) SINGAPORE/HONG KONG, March 27 (Reuters) - China Life Insurance ...

  • Reuters

    BRIEF-China Life Insurance's 2018 Net Profit 11.395 Bln Yuan Versus 32.253 Bln Yuan Year Earlier

    (Refiles to fix formatting in headline) March 27 (Reuters) - China Life Insurance Co Ltd : * SAYS 2018 NET PROFIT 11.395 BILLION YUAN ($1.69 billion) VERSUS 32.253 BILLION YEAR AGO Source text in Chinese: ...

  • Can China Life Insurance Company Limited (HKG:2628) Improve Its Returns?
    Simply Wall St.

    Can China Life Insurance Company Limited (HKG:2628) Improve Its Returns?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use ReturnRead More...

  • China Life Insurance Company Limited (HKG:2628): Will The Growth Last?
    Simply Wall St.

    China Life Insurance Company Limited (HKG:2628): Will The Growth Last?

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Based on China Life Insurance Company Limited's (HKG:2628) earnings updateRead More...

  • Beijing Conjures a Perfect Storm for Insurers
    Bloomberg

    Beijing Conjures a Perfect Storm for Insurers

    China Life Insurance Co.'s surprise profit warning late Tuesday indicates otherwise. The company estimates its 2018 earnings fell by 50 percent to 70 percent, largely because of flagging investment income from equity losses. Not only are government bond yields falling – the lifeblood of insurers’ investment income – but providers are also taking on the mantle of rescuing the country’s flailing stock market.

  • Reuters

    BRIEF-China Life Insurance Sees 2018 Net Profit Down 50-70 Percent Y/Y

    Jan 29 (Reuters) - China Life Insurance Co Ltd : * SAYS IT SEES 2018 NET PROFIT DOWN 50-70 PERCENT Y/Y Source text in Chinese: https://bit.ly/2ME98bA Further company coverage: (Reporting by Hong Kong newsroom)...

  • At HK$19.08, Is It Time To Put China Life Insurance Company Limited (HKG:2628) On Your Watch List?
    Simply Wall St.

    At HK$19.08, Is It Time To Put China Life Insurance Company Limited (HKG:2628) On Your Watch List?

    Today we're going to take a look at the well-established China Life Insurance Company Limited (HKG:2628). The company's stock led the SEHK gainers with a relatively large price hike in Read More...