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Citibank degrades China Life at “sell” |
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Written by Administrator
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Tuesday, 05 December 2006 |
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BEIJING, Dec. 5 (InfoChina) – Citibank has degraded the rating of China Life Insurance Co., Ltd. (NYSE: LFC, HK: 2628) from “hold” to “sell”, claiming that the market has impractical expectation on its business growth and the profits generated from potential investment opportunities. |
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Closed-end funds to bring 7 billion yuan earnings for China Life |
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Written by Administrator
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Monday, 27 November 2006 |
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BEIJING, Nov. 27 (InfoChina) – China Life Insurance Co., Ltd. and its parent company China Life Insurance Group, known as the biggest holder of closed-end fund units in China, now hold 15.371 billion fund units, which are expected to generate more than 7 billion yuan in book profit for listed China Life and its parent company. |
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China Life holds over 20 billion yuan worth bank shares |
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Written by Administrator
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Monday, 20 November 2006 |
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BEIJING, Nov. 20 (InfoChina) – China Life Insurance Co., Ltd. (LFC.NYSE, 2628.HK) and its parent company China Life Insurance Group have so far held a combined 26.7 billion worth shares in listed Chinese banks, according to incomplete statistics. |
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New accounting standards may affect investment strategy of China Life |
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Written by Administrator
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Thursday, 16 November 2006 |
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BEIJING, Nov. 16 (InfoChina) – China’s insurance industry will implement new accounting standards starting from January 1, 2007, which will adopt the concept of fair value and may lead to sharp fluctuations of annual investment gains of Chinese insurers. |
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China Life plans share incentive for employees |
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Written by Administrator
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Monday, 13 November 2006 |
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HONGKONG, Nov. 13 (InfoChina) – China Life Insurance Co., Ltd. (LFC.NYSE, 2628.HK) announced on November 13 in HK that the company’s Board meeting held on October 10 agreed to adopt the Employee Share Incentive Plan, an incentive plan based on the A shares proposed to be issued by the company. |
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