Colonel William A. Phillips

This article is about China Life Insurance Company in Mainland China. For China Life Insurance Company in Taiwan, see China Life Insurance Company (Taiwan).

China Life Insurance Company Limited (short China Life, simplified Chinese: 中国人寿保险; traditional Chinese: 中國人壽保險; pinyin: Zhōngguó rénshòu bǎoxiǎn) is a Beijing-headquartered China-incorporated company that provides life insurance and annuity products. China Life is ranked No. 94 on Fortune 2015 Global 500 Company list.[2] and is Chinese largest life insurer by market share, as of April 2023.[3] In 2023, the company was ranked 62nd in the Forbes Global 2000.[4]

In 2022, the company announced the de-listing of its American Depository Shares (ADS) and that the last day of trading was intended to be 1 September 2022. The underlying security of the ADS was the H shares, which would continue trading on the Stock Exchange of Hong Kong. The company cited limited trading volume in the ADS and administrative costs as the reasons for the de-listing.[5]

In 2023, China Life Insurance invested $3.5 billion in Honghu Private Securities Investment Fund. The same amount was invested by New China Life Insurance. The fund will aim to improve capital utilization efficiency and increase long-term investment assets.[6]

See also

References

  1. ^ "The World's Largest Public Companies". Forbes. Archived from the original on 5 December 2017. Retrieved 17 February 2018.
  2. ^ "China Life Insurance". Fortune. 21 July 2015. Archived from the original on 6 May 2016. Retrieved 18 May 2016.
  3. ^ "China Life Profit Rises as Industry Recovers After Pandemic". Bloomberg.com. 27 April 2023. Retrieved 8 May 2023.
  4. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
  5. ^ 王俊伟. "China Life Insurance Co announces delisting from US stock market". www.chinadaily.com.cn. Retrieved 10 June 2023.
  6. ^ "China's top insurers to launch US$7 billion fund to invest in onshore shares in sign of rising state support". South China morning Post. Archived from the original on 7 February 2024. Retrieved 26 February 2024.

External links

source: https://en.wikipedia.org/wiki/China_Life_Insurance_Company