This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsChina Life Insurance (LFCH.Y) 주식 개요Operates as a life insurance company in the People’s Republic of China. 자세히 보기LFCH.Y 펀더멘털 분석스노우플레이크 점수가치 평가5/6미래 성장2/6과거 실적2/6재무 건전성4/6배당5/6강점공정 가치 추정치보다 낮은 70.4% 에서 거래수익은 매년 18.52% 증가할 것으로 예상됩니다.동종업계 및 업계 대비 좋은 가치로 거래위험 분석이익 마진 (4.4%)이 지난해 (6.4%)보다 낮습니다.불안정한 배당 실적모든 위험 점검 보기LFCH.Y Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW459,654 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA459,654 investors already sharing narrativesYour Fair ValueUS$Current PriceUS$6.21해당 없음내재 할인율Est. Revenue$PastFuture0915b2016201920222025202620282031Revenue CN¥915.5bEarnings CN¥39.8bAdvancedSet Fair ValueView all narrativesChina Life Insurance Company Limited 경쟁사MetLifeSymbol: NYSE:METMarket cap: US$61.5bAflacSymbol: NYSE:AFLMarket cap: US$61.0bPrudential FinancialSymbol: NYSE:PRUMarket cap: US$43.0bUnum GroupSymbol: NYSE:UNMMarket cap: US$14.2b가격 이력 및 성과China Life Insurance 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가HK$6.2152주 최고가HK$9.6952주 최저가HK$5.40베타0.691개월 변동0.73%3개월 변동-16.08%1년 변동-30.15%3년 변동-52.60%5년 변동-63.96%IPO 이후 변동109.44%최근 뉴스 및 업데이트공고 • Dec 27China Life Insurance Company Limited to Report Fiscal Year 2024 Results on Mar 27, 2025China Life Insurance Company Limited announced that they will report fiscal year 2024 results on Mar 27, 2025공고 • Dec 09China Life Insurance Company Limited Appoints Cai Xiliang as an Executive DirectorChina Life Insurance Company Limited at the first extraordinary general meeting 2024 of the Company held on 30 October 2024 (the "EGM"), Mr. Cai Xiliang was elected as an Executive Director of the eighth session of the board of directors of the Company (the "Board"), and at the eighth meeting of the eighth session of the Board held on the same day, Mr. Cai Xiliang was elected as the Chairman of the Board of the Company. The Company has recently received the approval of qualification of Mr. Cai Xiliang from the National Financial Regulatory Administration (the "NFRA"). Pursuant to the approval, the qualification of Mr. Cai Xiliang as a Director and the Chairman of the Board of the Company has been approved by the NFRA, and his term of service commenced on 4 December 2024. In accordance with the requirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Cai Xiliang will act as the Board Secretary during the period commencing from the effective date of his appointment as the Chairman of the Board and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. As at the date of this announcement, the Board of the Company comprises: Executive Directors: Cai Xiliang, Li Mingguang, Liu Hui, Ruan Qi, Non-executive Directors: Wang Junhui, Hu Jin, Hu Rong, Independent Non-executive Directors: Lam Chi Kuen, Zhai Haitao, Chen Jie, Lu Feng.공고 • Oct 31China Life Insurance Company Limited Announces Board ChangesThe board of directors of China Life Insurance Company Limited announced that following the election of Mr. Cai Xiliang as an Executive Director of the eighth session of the Board by the shareholders of the Company at the first extraordinary general meeting 2024 held on 30 October 2024, Mr. Cai Xiliang was elected as the Chairman of the Board at the eighth meeting of the eighth session of the Board held on the same day. The qualification of Mr. Cai Xiliang as a Director is subject to the approval of the National Director of the Company and the Chairman of the Board will become effective upon the approval of the NFRA and his term of office will end on the expiry of the term of the eighth session of the Board.공고 • Oct 16China Life Insurance Company Limited Provides Earnings Guidance for the Nine Months Ended 30 September 2024China Life Insurance Company Limited provided earnings guidance for the nine months ended 30 September 2024. For the period, Based on the Company's preliminary estimates, it is expected that the net profit attributable to equity holders of the parent company for the first three quarters of 2024 under China Accounting Standards for Business Enterprises ("ASBE") will be in a range of approximately RMB 101,135 million to RMB 108,767 million. Compared with the same period in 2023, this represents an increase of approximately RMB 62,971 million to RMB 70,603 million, or a year-on-year increase of approximately 165% to 185%. It is expected that the net profit attributable to equity holders of the parent company after deducting non-recurring items for the first three quarters of 2024 under ASBE will be in a range of approximately RMB 101,516 million to RMB 109,178 million. Compared with the same period in 2023, this represents an increase of approximately RMB 63,208 million to RMB 70,870 million, or a year-on-year increase of approximately 165% to 185%.공고 • Oct 14China Life Insurance Company Limited Appoints Liu Hui as Board SecretaryThe board of directors of China Life Insurance Company Limited passed a resolution on 11 October 2024, approving the appointment of Ms. Liu Hui, an Executive Director, a Vice President and the Chief Investment Officer of the Company, as the Board Secretary of the Company. The qualification of Ms. Liu Hui as the Board Secretary of the Company is subject to the approval of the National Financial Regulatory Administration. Further, as approved by the Board, Ms. Liu Hui has acted as the Board Secretary on a temporary basis since 10 July 2024. As the period of Ms. Liu Hui's temporary appointment as the Board Secretary has reached three months, in accordance with the equirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Li Mingguang, an Executive Director, the President of the Company and the Acting Chairman of the Board, will act as the Board Secretary during the period commencing from 11 October 2024 and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. The biographical details of Ms. Liu Hui are set out below: Ms. Liu Hui, born in February 1970, became an Executive Director of the Company in May 2024. She has been a Vice President of the Company since July 2023, the Chief Investment Officer of the Company since December 2023, and the Acting Board Secretary of the Company since July 2024. She has been a Director of China Guangfa Bank Co. Ltd. since January 2024, a Director of China Life Asset Management Company Limited since August 2023, and a Director of China Life Franklin Asset Management Company Limited since April 2023. She was a Director of Wonders Information Co. Ltd. from July 2023 to January 2024. From 2014 to 2022, Ms. Liu successively served as a Vice President of China Life Investment Holding Company Limited, and an Executive Director and a Vice President of China Life Investment Management Company Limited, and concurrently served as an Executive Director and a Vice President of Sino-Ocean Group Holding Limited, the President and Chairman of China Life Capital Investment Company Limited, and an Executive Director and the General Manager of China Life Real Estate Co., Limited. She served as the General Manager of the Investment Management Department of the Company from 2009 to 2014, and successively acted as an Assistant to the General Manager of the Enterprise Annuity Department, the Deputy General Manager of the Pension and Institutional Business Department and the General Manager of the Transaction Management Department of China Life Asset Management Company Limited from 2005 to 2009. She worked at the Head Office of China Construction Bank from 1992 to 2005. Ms. Liu successively obtained a bachelor's degree in economics from Renmin University of China and a master's degree in business administration from Tsinghua University, and is a senior economist.공고 • Sep 30+ 1 more updateChina Life Insurance Company Limited Announces Board ChangesChina Life Insurance Company Limited announced that due to the adjustment of work arrangements, Mr. Bai Tao resigned as the chairman of the board and an executive director of the company with effect from 30 September 2024. Mr. Li Mingguang, an executive director and the president of the company, was elected by the board to assume the roles and duties of the chairman of the Board and the legal representative of the company during the period commencing from 30 September 2024 and ending on the effective date of the appointment of a new Chairman of the Board. Pursuant to code provision C.2.1 of the Corporate Governance Code in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules), the roles of chairman and chief executive should be separate and should not be performed by the same individual. After Mr. Li Mingguang assumes the roles and duties of the Chairman of the Board, he also continues to act as the President of the Company, which deviates from the above code provision C.2.1. However, such arrangement is temporary in nature. The Board considers that Mr. Li Mingguang has extensive experience and knowledge in management and is familiar with the Company's business operation. Having Mr. Li Mingguang as the Chairman of the Board and the President can facilitate the execution of the Company's business strategies and enhance its operational efficiency before a new Chairman of the Board takes office. Under the supervision of other existing members of the Board, the Board is appropriately structured with balance of power to provide sufficient checks to protect the interests of the Company and its shareholders.더 많은 업데이트 보기Recent updates공고 • Dec 27China Life Insurance Company Limited to Report Fiscal Year 2024 Results on Mar 27, 2025China Life Insurance Company Limited announced that they will report fiscal year 2024 results on Mar 27, 2025공고 • Dec 09China Life Insurance Company Limited Appoints Cai Xiliang as an Executive DirectorChina Life Insurance Company Limited at the first extraordinary general meeting 2024 of the Company held on 30 October 2024 (the "EGM"), Mr. Cai Xiliang was elected as an Executive Director of the eighth session of the board of directors of the Company (the "Board"), and at the eighth meeting of the eighth session of the Board held on the same day, Mr. Cai Xiliang was elected as the Chairman of the Board of the Company. The Company has recently received the approval of qualification of Mr. Cai Xiliang from the National Financial Regulatory Administration (the "NFRA"). Pursuant to the approval, the qualification of Mr. Cai Xiliang as a Director and the Chairman of the Board of the Company has been approved by the NFRA, and his term of service commenced on 4 December 2024. In accordance with the requirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Cai Xiliang will act as the Board Secretary during the period commencing from the effective date of his appointment as the Chairman of the Board and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. As at the date of this announcement, the Board of the Company comprises: Executive Directors: Cai Xiliang, Li Mingguang, Liu Hui, Ruan Qi, Non-executive Directors: Wang Junhui, Hu Jin, Hu Rong, Independent Non-executive Directors: Lam Chi Kuen, Zhai Haitao, Chen Jie, Lu Feng.공고 • Oct 31China Life Insurance Company Limited Announces Board ChangesThe board of directors of China Life Insurance Company Limited announced that following the election of Mr. Cai Xiliang as an Executive Director of the eighth session of the Board by the shareholders of the Company at the first extraordinary general meeting 2024 held on 30 October 2024, Mr. Cai Xiliang was elected as the Chairman of the Board at the eighth meeting of the eighth session of the Board held on the same day. The qualification of Mr. Cai Xiliang as a Director is subject to the approval of the National Director of the Company and the Chairman of the Board will become effective upon the approval of the NFRA and his term of office will end on the expiry of the term of the eighth session of the Board.공고 • Oct 16China Life Insurance Company Limited Provides Earnings Guidance for the Nine Months Ended 30 September 2024China Life Insurance Company Limited provided earnings guidance for the nine months ended 30 September 2024. For the period, Based on the Company's preliminary estimates, it is expected that the net profit attributable to equity holders of the parent company for the first three quarters of 2024 under China Accounting Standards for Business Enterprises ("ASBE") will be in a range of approximately RMB 101,135 million to RMB 108,767 million. Compared with the same period in 2023, this represents an increase of approximately RMB 62,971 million to RMB 70,603 million, or a year-on-year increase of approximately 165% to 185%. It is expected that the net profit attributable to equity holders of the parent company after deducting non-recurring items for the first three quarters of 2024 under ASBE will be in a range of approximately RMB 101,516 million to RMB 109,178 million. Compared with the same period in 2023, this represents an increase of approximately RMB 63,208 million to RMB 70,870 million, or a year-on-year increase of approximately 165% to 185%.공고 • Oct 14China Life Insurance Company Limited Appoints Liu Hui as Board SecretaryThe board of directors of China Life Insurance Company Limited passed a resolution on 11 October 2024, approving the appointment of Ms. Liu Hui, an Executive Director, a Vice President and the Chief Investment Officer of the Company, as the Board Secretary of the Company. The qualification of Ms. Liu Hui as the Board Secretary of the Company is subject to the approval of the National Financial Regulatory Administration. Further, as approved by the Board, Ms. Liu Hui has acted as the Board Secretary on a temporary basis since 10 July 2024. As the period of Ms. Liu Hui's temporary appointment as the Board Secretary has reached three months, in accordance with the equirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Li Mingguang, an Executive Director, the President of the Company and the Acting Chairman of the Board, will act as the Board Secretary during the period commencing from 11 October 2024 and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. The biographical details of Ms. Liu Hui are set out below: Ms. Liu Hui, born in February 1970, became an Executive Director of the Company in May 2024. She has been a Vice President of the Company since July 2023, the Chief Investment Officer of the Company since December 2023, and the Acting Board Secretary of the Company since July 2024. She has been a Director of China Guangfa Bank Co. Ltd. since January 2024, a Director of China Life Asset Management Company Limited since August 2023, and a Director of China Life Franklin Asset Management Company Limited since April 2023. She was a Director of Wonders Information Co. Ltd. from July 2023 to January 2024. From 2014 to 2022, Ms. Liu successively served as a Vice President of China Life Investment Holding Company Limited, and an Executive Director and a Vice President of China Life Investment Management Company Limited, and concurrently served as an Executive Director and a Vice President of Sino-Ocean Group Holding Limited, the President and Chairman of China Life Capital Investment Company Limited, and an Executive Director and the General Manager of China Life Real Estate Co., Limited. She served as the General Manager of the Investment Management Department of the Company from 2009 to 2014, and successively acted as an Assistant to the General Manager of the Enterprise Annuity Department, the Deputy General Manager of the Pension and Institutional Business Department and the General Manager of the Transaction Management Department of China Life Asset Management Company Limited from 2005 to 2009. She worked at the Head Office of China Construction Bank from 1992 to 2005. Ms. Liu successively obtained a bachelor's degree in economics from Renmin University of China and a master's degree in business administration from Tsinghua University, and is a senior economist.공고 • Sep 30+ 1 more updateChina Life Insurance Company Limited Announces Board ChangesChina Life Insurance Company Limited announced that due to the adjustment of work arrangements, Mr. Bai Tao resigned as the chairman of the board and an executive director of the company with effect from 30 September 2024. Mr. Li Mingguang, an executive director and the president of the company, was elected by the board to assume the roles and duties of the chairman of the Board and the legal representative of the company during the period commencing from 30 September 2024 and ending on the effective date of the appointment of a new Chairman of the Board. Pursuant to code provision C.2.1 of the Corporate Governance Code in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules), the roles of chairman and chief executive should be separate and should not be performed by the same individual. After Mr. Li Mingguang assumes the roles and duties of the Chairman of the Board, he also continues to act as the President of the Company, which deviates from the above code provision C.2.1. However, such arrangement is temporary in nature. The Board considers that Mr. Li Mingguang has extensive experience and knowledge in management and is familiar with the Company's business operation. Having Mr. Li Mingguang as the Chairman of the Board and the President can facilitate the execution of the Company's business strategies and enhance its operational efficiency before a new Chairman of the Board takes office. Under the supervision of other existing members of the Board, the Board is appropriately structured with balance of power to provide sufficient checks to protect the interests of the Company and its shareholders.공고 • Aug 29China Life Insurance Company Limited Announces Interim (Semi-Annual) Dividend for the Six Months Ended 30 June 2024China Life Insurance Company Limited announced Interim (Semi-annual) dividend for the Six Months Ended 30 June 2024. Dividend declared is RMB 0.2 per share.공고 • Mar 28China Life Insurance Company Limited Announces the Resignation of Huang Yiping as an Independent Non-Executive Director, the Chairman of the Risk Management and Consumer Rights Protection Committee, and A Member of Each of the Strategy and Assets and Liabilities Management Committee and the Connected Transactions Control CommitteeThe board of directors of China Life Insurance Company Limited announces that, on 28 March 2024, Mr. Huang Yiping tendered his resignation as an Independent Non-executive Director, the Chairman of the Risk Management and Consumer Rights Protection Committee, and a member of each of the Strategy and Assets and Liabilities Management Committee and the Connected Transactions Control Committee of the Company according to the relevant requirements due to his reappointment as a member of the Monetary Policy Committee of the People's Bank of China. As the resignation of Mr. Huang Yiping will result in the number of Independent Non-executive Director falling below the minimum number required by the relevant regulatory requirements and the Articles of Association of the Company, Mr. Huang Yiping will continue to perform the relevant duties as an Independent Non-executive Director, the Chairman and a member of the specialised Board committees until a new Independent Non-executive Director is elected at a general meeting of the Company and his/her qualification is approved by the National Financial Regulatory Administration.공고 • Mar 27China Life Insurance Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 22 August 2024China Life Insurance Company Limited proposed final dividend of RMB 0.43 per share for the year ended 31 December 2023 at its annual general meeting to be held on 27 June 2024. Ex-dividend date is 03 July 2024. Record date is 10 July 2024. Payment date is 22 August 2024.공고 • Dec 15China Life Insurance Company Limited Announces Executive AppointmentsChina Life Insurance Company Limited at the extraordinary general meeting held on 15 December, 2023 approved the election of Ms. Liu Hui as an Executive Director of the seventh session of the Board of Directors of the Company; approved the election of Mr. Ruan Qi as an Executive Director of the seventh session of the Board of Directors of the Company; approved the election of Mr. Li Bing as a Non-executive Director of the seventh session of the Board of Directors of the Company.공고 • Sep 22China Life Insurance Company Limited Announces Change of Composition of the Special Committees of the BoardThe board of directors of China Life Insurance Company Limited announced that in accordance with the relevant regulations of the Company and taking into account the composition of the special committees of the Board and the requirements on the duties of the members, Mr. Li Mingguang, an Executive Director of the Company, has been re-designated as a member of the Strategy and Assets and Liabilities Management Committee and has ceased to be a member of the Risk Management and Consumer Rights Protection Committee of the seventh session of the Board with effect from 21 September 2023.공고 • Aug 08+ 1 more updateChina Life Insurance Announces Executive ChangesChina Life Insurance Company Limited announced that Zhao Peng tendered his resignation as the president, an executive director and as a member of the company's Strategy and Assets and Liabilities Management Committee on August 4, 2023, which took effect on the same day. The move comes as part of the company's efforts to adjust work arrangements. Peng has confirmed that he has no disagreement with the company's board of directors. Li Mingguang was appointed as the company president, subject to the approval of the National Administration of Financial Regulation. Prior to obtaining such approval, the board named Mingguang as the person temporarily in charge of the company. Mingguang, who has been serving as the secretary to the Party Committee of the Company since July 2023, has bee an executive director of the company since August 2019, and a member of the Party Committee of China Life Insurance (Group) Company since April 2023. Mingguang joined the company in 1996 and subsequently served as the deputy division chief, the division chief, an assistant to the general manager of the Product Development Department, the general manager of the Actuarial Department, the chief actuary, the board secretary and the vice president of the company. He had also been the chief actuary of China Life Pension Company Limited and a director of China Life Asset Management Company Limited.공고 • Aug 05+ 2 more updatesChina Life Insurance Company Limited Announces Executive and Committee ChangesThe board of directors of China Life Insurance Company Limited announced that due to the adjustment of work arrangements, Mr. Zhao Pengtendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the Company on 4 August 2023, which took effect on the same day. Following his resignation, Mr. Zhao Peng also ceased to be the authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Mr. Li Mingguang, an Executive Director of the Company, will take over the role as authorised representative of the Company. The Board further announced that at the 27th meeting of the 7th session of the Board of the Company held on 4 August 2023, Mr. Li Mingguang was appointed as the President of the Company and his qualification as the President of the Company is subject to the approval of the National Administration of Financial Regulation. The Board has designated Mr. Li Mingguang to serve as the temporary person in charge of the Company prior to obtaining such approval. Mr. Li Mingguang, born in July 1969, has been serving as the Secretary to the Party Committee of the Company since July 2023, an Executive Director of the Company since August 2019, and a member of the Party Committee of China Life Insurance (Group) Company since April 2023. Mr. Li Mingguang joined the Company in 1996 and subsequently served as the Deputy Division Chief, the Division Chief, an Assistant to the General Managerof the Product Development Department, the Responsible Actuary of the Company, the General Manager of the Actuarial Department, the Chief Actuary, the Board Secretary and the Vice President of the Company. He was also the Chief Actuary of China Life Pension Company Limited and a Director of China Life Asset Management Company Limited. Mr. Li Mingguang graduated from Shanghai Jiao Tong University with a bachelor's degree incomputer science in 1991, Central University of Finance and Economics majoring in monetary banking (actuarial science) with a master's degree in 1996 and Tsinghua University with an EMBA in 2010. Mr. Li Mingguang is a Fellow of the China Association of Actuaries (FCAA) and a Fellow of the Institute and Faculty of Actuaries (FIA). He was the Chairman of the first session of the China Actuarial Working Committee and the Secretary-general of both the first and the second sessions of the China Association of Actuaries. He is currently the Vice Chairman of the China Association of Actuaries. Mr. Li Mingguang receives a special government allowance from the State Council. Due to the adjustment of work arrangements, Mr. Li Mingguang tendered his resignation as the Chief Actuary of the Company on 4 August 2023, which took effect on the same day. Mr. Li Mingguang has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation as the Chief Actuary of the Company that need to be brought to the attention of the shareholders of the Company. The Board further announces that at the 27th meeting of the 7th session of theBoard of the Company held on 4 August 2023, Ms. Hou Jin was appointed as the Chief Actuary of the Company and her qualification as the Chief Actuary of the Company is subject to the approval of the NAFR. The Board has designated Ms. Hou Jin to serve as the temporary chief actuary of the Company prior to obtaining such approval. Ms. Hou Jin, born in January 1980, has been serving as the Deputy General Manager of theActuarial Department of the Company since December 2019. She was an Assistant to the General Manager of the Actuarial Department of the Company from 2018 to 2019, and a senior actuary (Grade III) of the Actuarial Department of the Company from 2017 to 2018. Ms. Hou Jin successively graduated from Southwestern University of Finance and Economics and Nankai University with a master's degree in economics, and is a member of the Society of Actuaries.공고 • Jun 30China Life Insurance Company Limited Announces Resignation of Hu Zhijun as SupervisorChina Life Insurance Company Limited announces that due to the adjustment of work arrangements, Ms. Hu Zhijun has tendered her resignation to the board of supervisors of the Company in respect of her position as an Employee Representative Supervisor of the Company on 29 June 2023, which took effect on the same day. Ms. Hu Zhijun has confirmed that she has no disagreement with the Board of Supervisors and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the Company. The Company would like to express its gratitude to Ms. Hu Zhijun for her contribution to the Company during her tenure of service.공고 • Jun 29+ 1 more updateChina Life Insurance Company Limited Announces Appointment of Zhuo Meijuan as A Non-Executive DirectorChina Life Insurance Company Limited announced the election of Ms. Zhuo Meijuan as a Non-executive Director of the seventh session of the board of directors of the Company (the "Board") at the third extraordinary general meeting 2022 (the "EGM") of the Company held on the same day, and (ii) the announcement of the Company dated 12 May 2023 in relation to the election of Ms. Ye Yinglan as an Employee Representative Supervisor of the seventh session of the board of supervisors of the Company at the tenth extraordinary meeting of the third session of the employee representative meeting of the Company. The Company has recently received the approval of qualification of Ms. Zhuo Meijuan and Ms. Ye Yinglan issued by the National Administration of Financial Regulation (the "NAFR", the predecessor of which is the China Banking and Insurance Regulatory Commission). Pursuant to the approval, the qualification of Ms. Zhuo Meijuan as a Director of the Company and the qualification of Ms. Ye Yinglan as a Supervisor of the Company have been approved by the NAFR. Their term of service commenced on 21 June 2023. With effect from the same day, Ms. Zhuo Meijuan has served as a member of the Risk Management and Consumer Rights Protection Committee of the seventh session of the Board.Seeking Alpha • Aug 25China Life Insurance reports 1H resultsChina Life Insurance press release (NYSE:LFC): 1H Net profit of RMB25.42B Revenue of RMB516.67B. Gross written premiums were RMB439.97BSeeking Alpha • Aug 02China Life Insurance President resigns, new President appointedChina Life Insurance (NYSE:LFC) announced that due to the adjustment of work arrangements, Mr. Su Hengxuan tendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the company on Aug. 1, 2022. He had no disagreement with the board and there are no other matters relating to his resignation. Mr. Zhao Peng was appointed as the President of the company and nominated as an Executive Director of the board. Most recently, he served as VP, Agricultural Development Bank of China.Seeking Alpha • Jul 15China Life Insurance: Fundamentals Remain IntactFundamentals are still strong for this large life insurance company. China should offer growth for this industry, as the demand is there. Valuation is still attractive at today's price level. Investment thesis My last article on China Life Insurance Company Limited (LFC) back in March this year came with a Buy call on the company, as I concluded that it offered good value at that time. If you had bought the shares at that time, you could take some comfort in knowing that your book value would now be down by just roughly 3% against a backdrop of the S&P500 going down more than 16% China Life Insurance versus SPY (SA) Alpha is alpha – even if the return is negative, which brings me to my last article on Blackrock’s China A-share ETF (CNYA), where I pointed out that it looks to me that China at this moment offers better prospects of improved return as opposed to Europe and to a lesser extent also the U.S. The reason for this you will find in that article. Back to China Life, perhaps as an alternative to buying the ETF CNYA one could use China Life as a good proxy for exposure to China. Recent development We will only get the interim financial report for 2022 around the 25th of August this year. However, we do have an indication of how some of the top lines for the first half of this year have fared, as they have reported accumulated premium income from 1st January to 30st June of 2022 and it came in at RMB 439.7 billion. This is slightly lower than the first half of 2020 when they recorded RMB 442.3 billion in premium. It should be expected, as the lockdown in the first half of this year may have put a damper on growth in premiums. More and more of their customers do now sign on for insurance online, but there are still those that prefer to sit down with a person in a branch office. Something which was hard to do due to Covid-19 restrictions. In the last few weeks, the central government has reduced quarantine times and eased some Covid-19 prevention measures. However, we do see that in different parts of China there has been a rise in new cases. But things are hopefully changing for the better. Consultancy firm Oliver Wyman predicted in a report published in March this year that China’s life insurance premiums are expected to surpass the U.S. market and become the world’s largest market by 2030. Annuity and endowment products presently only cover about RMB 30 trillion, which is much lower than the population’s expected pension needs. This highlights the gap and opportunities for insurers like LFC. A side note on investor activism LFC is among the largest shareholders in two of the largest position in my portfolio. These are HSBC (HSBC) and Hui Xian REIT, which is listed in Hong Kong under 8700.HK and controlled by CK Asset Holding (CHKGF). With regards to Hui Xian REIT, I have recently written to the board of directors and explained to them that it is not in the shareholder's interest that the company issues new units to settle distribution and management fees now that they are trading at a discount to NAV of 75%. Over the last ten years, they have added more than one billion new units, diluting the share count with 22.3% additional units without adding any productive assets to the balance sheet. As a matter of fact, they should be buying back and canceling shares at this point in time. So far, I have not received any response from Hui Xian REIT. My next step will be to reach out to LFC, and other shareholders, with the aim of getting their support for my request to Hui Xian REIT of terminating the issuance of new units at this moment. Hopefully, they can see the merits of my request and will want to take action. Risk to the thesis Under the leadership of Xi Jinping, China wants to make sure that the difference between the rich and poor, which is huge in China, should be addressed. That is not a bad thing.Seeking Alpha • Mar 29China Life Insurance: Continues To Offer Good ValueChina Life's valuation is very attractive based on financial fundamentals. Share price has gone further down since my last buy call. We look at 2021 fiscal year results and revisit the investment thesis.Seeking Alpha • Dec 16China Life Insurance: One Year Cash Flow Greater Than Its ValueFundamentals of China Life Insurance are good. Valuation is very attractive. Risks lie in the unknown things like liabilities in the accounts and further limitations to profit from future regulations.Seeking Alpha • Aug 06China Life Insurance Company Limited: Risky, But Upside Potentially SignificantThe life insurance industry in China could see strong growth in the decade ahead. This stock could see significant exposure to risk in a low interest rate environment. However, should earnings growth remain solid, then I see potentially strong upside.공고 • Aug 29China Life Insurance Company Limited (SEHK:2628) completed the acquisition of additional 5% stake in Wonders Information Co., Ltd (SZSE:300168) from Shanghai Wanhao Investment Co., Ltd.China Life Insurance Company Limited (SEHK:2628) agreed to acquire additional 5% stake in Wonders Information Co., Ltd (SZSE:300168) from Shanghai Wanhao Investment Co., Ltd. for approximately CNY 790 million on June 23, 2019. China Life Insurance Company Limited will acquire 55 million shares at 14.44 per share. Prior to this change in equity, Shanghai Wanhao Investment Co., Ltd. holds 200.6 million shares in Wonders Information Co., Ltd, accounting for 18.2871% stake and China Life Insurance Company Limited holds a total of 109.7 million shares in Wonders Information Co., Ltd, accounting for 10.0042% stake. After this change in equity, Shanghai Wanhao Investment Co., Ltd. will hold 145.6 million shares accounting for 13.2729% stake and China Life Insurance Company Limited will hold 164.7 shares, accounting for 15.0183% stake of Wonders Information Co., Ltd total share capital. China Life Insurance Company Limited (SEHK:2628) completed the acquisition of additional 5% stake in Wonders Information Co., Ltd (SZSE:300168) from Shanghai Wanhao Investment Co., Ltd. in second quarter of 2020.공고 • Jul 10China Life Insurance Company Limited to Report First Half, 2020 Results on Aug 27, 2020China Life Insurance Company Limited announced that they will report first half, 2020 results on Aug 27, 2020주주 수익률LFCH.YUS InsuranceUS 시장7D3.0%-1.1%-0.3%1Y-30.1%3.6%19.9%전체 주주 수익률 보기수익률 대 산업: LFCH.Y은 지난 1년 동안 3.6%의 수익을 기록한 US Insurance 산업보다 저조한 성과를 냈습니다.수익률 대 시장: LFCH.Y은 지난 1년 동안 19.9%를 기록한 US 시장보다 저조한 성과를 냈습니다.주가 변동성Is LFCH.Y's price volatile compared to industry and market?LFCH.Y volatilityLFCH.Y Average Weekly Movement4.9%Insurance Industry Average Movement4.6%Market Average Movement7.1%10% most volatile stocks in US Market16.3%10% least volatile stocks in US Market3.1%안정적인 주가: LFCH.Y는 지난 3개월 동안 US 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: LFCH.Y의 주간 변동성(5%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1949102,195n/awww.e-chinalife.com더 보기China Life Insurance Company Limited 기초 지표 요약China Life Insurance의 순이익과 매출은 시가총액과 어떻게 비교됩니까?LFCH.Y 기초 통계시가총액US$101.59b순이익 (TTM)US$4.72b매출 (TTM)US$108.50b7.8x주가수익비율(P/E)0.3x주가매출비율(P/S)LFCH.Y는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표LFCH.Y 손익계산서 (TTM)매출CN¥771.15b매출원가CN¥682.19b총이익CN¥88.96b기타 비용CN¥55.41b순이익CN¥33.55b최근 보고된 실적Sep 30, 2022다음 실적 발표일해당 없음주당순이익(EPS)1.19총이익률11.54%순이익률4.35%부채/자본 비율30.8%LFCH.Y의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당7.1%현재 배당 수익률55%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2022/11/12 00:01종가2022/11/10 00:00수익2022/09/30연간 수익2021/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스China Life Insurance Company Limited는 37명의 분석가가 다루고 있습니다. 이 중 22명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mark William KellockBarclaysTianjiao YuBernsteinMichael LiBofA Global Research34명의 분석가 더 보기
공고 • Dec 27China Life Insurance Company Limited to Report Fiscal Year 2024 Results on Mar 27, 2025China Life Insurance Company Limited announced that they will report fiscal year 2024 results on Mar 27, 2025
공고 • Dec 09China Life Insurance Company Limited Appoints Cai Xiliang as an Executive DirectorChina Life Insurance Company Limited at the first extraordinary general meeting 2024 of the Company held on 30 October 2024 (the "EGM"), Mr. Cai Xiliang was elected as an Executive Director of the eighth session of the board of directors of the Company (the "Board"), and at the eighth meeting of the eighth session of the Board held on the same day, Mr. Cai Xiliang was elected as the Chairman of the Board of the Company. The Company has recently received the approval of qualification of Mr. Cai Xiliang from the National Financial Regulatory Administration (the "NFRA"). Pursuant to the approval, the qualification of Mr. Cai Xiliang as a Director and the Chairman of the Board of the Company has been approved by the NFRA, and his term of service commenced on 4 December 2024. In accordance with the requirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Cai Xiliang will act as the Board Secretary during the period commencing from the effective date of his appointment as the Chairman of the Board and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. As at the date of this announcement, the Board of the Company comprises: Executive Directors: Cai Xiliang, Li Mingguang, Liu Hui, Ruan Qi, Non-executive Directors: Wang Junhui, Hu Jin, Hu Rong, Independent Non-executive Directors: Lam Chi Kuen, Zhai Haitao, Chen Jie, Lu Feng.
공고 • Oct 31China Life Insurance Company Limited Announces Board ChangesThe board of directors of China Life Insurance Company Limited announced that following the election of Mr. Cai Xiliang as an Executive Director of the eighth session of the Board by the shareholders of the Company at the first extraordinary general meeting 2024 held on 30 October 2024, Mr. Cai Xiliang was elected as the Chairman of the Board at the eighth meeting of the eighth session of the Board held on the same day. The qualification of Mr. Cai Xiliang as a Director is subject to the approval of the National Director of the Company and the Chairman of the Board will become effective upon the approval of the NFRA and his term of office will end on the expiry of the term of the eighth session of the Board.
공고 • Oct 16China Life Insurance Company Limited Provides Earnings Guidance for the Nine Months Ended 30 September 2024China Life Insurance Company Limited provided earnings guidance for the nine months ended 30 September 2024. For the period, Based on the Company's preliminary estimates, it is expected that the net profit attributable to equity holders of the parent company for the first three quarters of 2024 under China Accounting Standards for Business Enterprises ("ASBE") will be in a range of approximately RMB 101,135 million to RMB 108,767 million. Compared with the same period in 2023, this represents an increase of approximately RMB 62,971 million to RMB 70,603 million, or a year-on-year increase of approximately 165% to 185%. It is expected that the net profit attributable to equity holders of the parent company after deducting non-recurring items for the first three quarters of 2024 under ASBE will be in a range of approximately RMB 101,516 million to RMB 109,178 million. Compared with the same period in 2023, this represents an increase of approximately RMB 63,208 million to RMB 70,870 million, or a year-on-year increase of approximately 165% to 185%.
공고 • Oct 14China Life Insurance Company Limited Appoints Liu Hui as Board SecretaryThe board of directors of China Life Insurance Company Limited passed a resolution on 11 October 2024, approving the appointment of Ms. Liu Hui, an Executive Director, a Vice President and the Chief Investment Officer of the Company, as the Board Secretary of the Company. The qualification of Ms. Liu Hui as the Board Secretary of the Company is subject to the approval of the National Financial Regulatory Administration. Further, as approved by the Board, Ms. Liu Hui has acted as the Board Secretary on a temporary basis since 10 July 2024. As the period of Ms. Liu Hui's temporary appointment as the Board Secretary has reached three months, in accordance with the equirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Li Mingguang, an Executive Director, the President of the Company and the Acting Chairman of the Board, will act as the Board Secretary during the period commencing from 11 October 2024 and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. The biographical details of Ms. Liu Hui are set out below: Ms. Liu Hui, born in February 1970, became an Executive Director of the Company in May 2024. She has been a Vice President of the Company since July 2023, the Chief Investment Officer of the Company since December 2023, and the Acting Board Secretary of the Company since July 2024. She has been a Director of China Guangfa Bank Co. Ltd. since January 2024, a Director of China Life Asset Management Company Limited since August 2023, and a Director of China Life Franklin Asset Management Company Limited since April 2023. She was a Director of Wonders Information Co. Ltd. from July 2023 to January 2024. From 2014 to 2022, Ms. Liu successively served as a Vice President of China Life Investment Holding Company Limited, and an Executive Director and a Vice President of China Life Investment Management Company Limited, and concurrently served as an Executive Director and a Vice President of Sino-Ocean Group Holding Limited, the President and Chairman of China Life Capital Investment Company Limited, and an Executive Director and the General Manager of China Life Real Estate Co., Limited. She served as the General Manager of the Investment Management Department of the Company from 2009 to 2014, and successively acted as an Assistant to the General Manager of the Enterprise Annuity Department, the Deputy General Manager of the Pension and Institutional Business Department and the General Manager of the Transaction Management Department of China Life Asset Management Company Limited from 2005 to 2009. She worked at the Head Office of China Construction Bank from 1992 to 2005. Ms. Liu successively obtained a bachelor's degree in economics from Renmin University of China and a master's degree in business administration from Tsinghua University, and is a senior economist.
공고 • Sep 30+ 1 more updateChina Life Insurance Company Limited Announces Board ChangesChina Life Insurance Company Limited announced that due to the adjustment of work arrangements, Mr. Bai Tao resigned as the chairman of the board and an executive director of the company with effect from 30 September 2024. Mr. Li Mingguang, an executive director and the president of the company, was elected by the board to assume the roles and duties of the chairman of the Board and the legal representative of the company during the period commencing from 30 September 2024 and ending on the effective date of the appointment of a new Chairman of the Board. Pursuant to code provision C.2.1 of the Corporate Governance Code in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules), the roles of chairman and chief executive should be separate and should not be performed by the same individual. After Mr. Li Mingguang assumes the roles and duties of the Chairman of the Board, he also continues to act as the President of the Company, which deviates from the above code provision C.2.1. However, such arrangement is temporary in nature. The Board considers that Mr. Li Mingguang has extensive experience and knowledge in management and is familiar with the Company's business operation. Having Mr. Li Mingguang as the Chairman of the Board and the President can facilitate the execution of the Company's business strategies and enhance its operational efficiency before a new Chairman of the Board takes office. Under the supervision of other existing members of the Board, the Board is appropriately structured with balance of power to provide sufficient checks to protect the interests of the Company and its shareholders.
공고 • Dec 27China Life Insurance Company Limited to Report Fiscal Year 2024 Results on Mar 27, 2025China Life Insurance Company Limited announced that they will report fiscal year 2024 results on Mar 27, 2025
공고 • Dec 09China Life Insurance Company Limited Appoints Cai Xiliang as an Executive DirectorChina Life Insurance Company Limited at the first extraordinary general meeting 2024 of the Company held on 30 October 2024 (the "EGM"), Mr. Cai Xiliang was elected as an Executive Director of the eighth session of the board of directors of the Company (the "Board"), and at the eighth meeting of the eighth session of the Board held on the same day, Mr. Cai Xiliang was elected as the Chairman of the Board of the Company. The Company has recently received the approval of qualification of Mr. Cai Xiliang from the National Financial Regulatory Administration (the "NFRA"). Pursuant to the approval, the qualification of Mr. Cai Xiliang as a Director and the Chairman of the Board of the Company has been approved by the NFRA, and his term of service commenced on 4 December 2024. In accordance with the requirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Cai Xiliang will act as the Board Secretary during the period commencing from the effective date of his appointment as the Chairman of the Board and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. As at the date of this announcement, the Board of the Company comprises: Executive Directors: Cai Xiliang, Li Mingguang, Liu Hui, Ruan Qi, Non-executive Directors: Wang Junhui, Hu Jin, Hu Rong, Independent Non-executive Directors: Lam Chi Kuen, Zhai Haitao, Chen Jie, Lu Feng.
공고 • Oct 31China Life Insurance Company Limited Announces Board ChangesThe board of directors of China Life Insurance Company Limited announced that following the election of Mr. Cai Xiliang as an Executive Director of the eighth session of the Board by the shareholders of the Company at the first extraordinary general meeting 2024 held on 30 October 2024, Mr. Cai Xiliang was elected as the Chairman of the Board at the eighth meeting of the eighth session of the Board held on the same day. The qualification of Mr. Cai Xiliang as a Director is subject to the approval of the National Director of the Company and the Chairman of the Board will become effective upon the approval of the NFRA and his term of office will end on the expiry of the term of the eighth session of the Board.
공고 • Oct 16China Life Insurance Company Limited Provides Earnings Guidance for the Nine Months Ended 30 September 2024China Life Insurance Company Limited provided earnings guidance for the nine months ended 30 September 2024. For the period, Based on the Company's preliminary estimates, it is expected that the net profit attributable to equity holders of the parent company for the first three quarters of 2024 under China Accounting Standards for Business Enterprises ("ASBE") will be in a range of approximately RMB 101,135 million to RMB 108,767 million. Compared with the same period in 2023, this represents an increase of approximately RMB 62,971 million to RMB 70,603 million, or a year-on-year increase of approximately 165% to 185%. It is expected that the net profit attributable to equity holders of the parent company after deducting non-recurring items for the first three quarters of 2024 under ASBE will be in a range of approximately RMB 101,516 million to RMB 109,178 million. Compared with the same period in 2023, this represents an increase of approximately RMB 63,208 million to RMB 70,870 million, or a year-on-year increase of approximately 165% to 185%.
공고 • Oct 14China Life Insurance Company Limited Appoints Liu Hui as Board SecretaryThe board of directors of China Life Insurance Company Limited passed a resolution on 11 October 2024, approving the appointment of Ms. Liu Hui, an Executive Director, a Vice President and the Chief Investment Officer of the Company, as the Board Secretary of the Company. The qualification of Ms. Liu Hui as the Board Secretary of the Company is subject to the approval of the National Financial Regulatory Administration. Further, as approved by the Board, Ms. Liu Hui has acted as the Board Secretary on a temporary basis since 10 July 2024. As the period of Ms. Liu Hui's temporary appointment as the Board Secretary has reached three months, in accordance with the equirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Li Mingguang, an Executive Director, the President of the Company and the Acting Chairman of the Board, will act as the Board Secretary during the period commencing from 11 October 2024 and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. The biographical details of Ms. Liu Hui are set out below: Ms. Liu Hui, born in February 1970, became an Executive Director of the Company in May 2024. She has been a Vice President of the Company since July 2023, the Chief Investment Officer of the Company since December 2023, and the Acting Board Secretary of the Company since July 2024. She has been a Director of China Guangfa Bank Co. Ltd. since January 2024, a Director of China Life Asset Management Company Limited since August 2023, and a Director of China Life Franklin Asset Management Company Limited since April 2023. She was a Director of Wonders Information Co. Ltd. from July 2023 to January 2024. From 2014 to 2022, Ms. Liu successively served as a Vice President of China Life Investment Holding Company Limited, and an Executive Director and a Vice President of China Life Investment Management Company Limited, and concurrently served as an Executive Director and a Vice President of Sino-Ocean Group Holding Limited, the President and Chairman of China Life Capital Investment Company Limited, and an Executive Director and the General Manager of China Life Real Estate Co., Limited. She served as the General Manager of the Investment Management Department of the Company from 2009 to 2014, and successively acted as an Assistant to the General Manager of the Enterprise Annuity Department, the Deputy General Manager of the Pension and Institutional Business Department and the General Manager of the Transaction Management Department of China Life Asset Management Company Limited from 2005 to 2009. She worked at the Head Office of China Construction Bank from 1992 to 2005. Ms. Liu successively obtained a bachelor's degree in economics from Renmin University of China and a master's degree in business administration from Tsinghua University, and is a senior economist.
공고 • Sep 30+ 1 more updateChina Life Insurance Company Limited Announces Board ChangesChina Life Insurance Company Limited announced that due to the adjustment of work arrangements, Mr. Bai Tao resigned as the chairman of the board and an executive director of the company with effect from 30 September 2024. Mr. Li Mingguang, an executive director and the president of the company, was elected by the board to assume the roles and duties of the chairman of the Board and the legal representative of the company during the period commencing from 30 September 2024 and ending on the effective date of the appointment of a new Chairman of the Board. Pursuant to code provision C.2.1 of the Corporate Governance Code in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules), the roles of chairman and chief executive should be separate and should not be performed by the same individual. After Mr. Li Mingguang assumes the roles and duties of the Chairman of the Board, he also continues to act as the President of the Company, which deviates from the above code provision C.2.1. However, such arrangement is temporary in nature. The Board considers that Mr. Li Mingguang has extensive experience and knowledge in management and is familiar with the Company's business operation. Having Mr. Li Mingguang as the Chairman of the Board and the President can facilitate the execution of the Company's business strategies and enhance its operational efficiency before a new Chairman of the Board takes office. Under the supervision of other existing members of the Board, the Board is appropriately structured with balance of power to provide sufficient checks to protect the interests of the Company and its shareholders.
공고 • Aug 29China Life Insurance Company Limited Announces Interim (Semi-Annual) Dividend for the Six Months Ended 30 June 2024China Life Insurance Company Limited announced Interim (Semi-annual) dividend for the Six Months Ended 30 June 2024. Dividend declared is RMB 0.2 per share.
공고 • Mar 28China Life Insurance Company Limited Announces the Resignation of Huang Yiping as an Independent Non-Executive Director, the Chairman of the Risk Management and Consumer Rights Protection Committee, and A Member of Each of the Strategy and Assets and Liabilities Management Committee and the Connected Transactions Control CommitteeThe board of directors of China Life Insurance Company Limited announces that, on 28 March 2024, Mr. Huang Yiping tendered his resignation as an Independent Non-executive Director, the Chairman of the Risk Management and Consumer Rights Protection Committee, and a member of each of the Strategy and Assets and Liabilities Management Committee and the Connected Transactions Control Committee of the Company according to the relevant requirements due to his reappointment as a member of the Monetary Policy Committee of the People's Bank of China. As the resignation of Mr. Huang Yiping will result in the number of Independent Non-executive Director falling below the minimum number required by the relevant regulatory requirements and the Articles of Association of the Company, Mr. Huang Yiping will continue to perform the relevant duties as an Independent Non-executive Director, the Chairman and a member of the specialised Board committees until a new Independent Non-executive Director is elected at a general meeting of the Company and his/her qualification is approved by the National Financial Regulatory Administration.
공고 • Mar 27China Life Insurance Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 22 August 2024China Life Insurance Company Limited proposed final dividend of RMB 0.43 per share for the year ended 31 December 2023 at its annual general meeting to be held on 27 June 2024. Ex-dividend date is 03 July 2024. Record date is 10 July 2024. Payment date is 22 August 2024.
공고 • Dec 15China Life Insurance Company Limited Announces Executive AppointmentsChina Life Insurance Company Limited at the extraordinary general meeting held on 15 December, 2023 approved the election of Ms. Liu Hui as an Executive Director of the seventh session of the Board of Directors of the Company; approved the election of Mr. Ruan Qi as an Executive Director of the seventh session of the Board of Directors of the Company; approved the election of Mr. Li Bing as a Non-executive Director of the seventh session of the Board of Directors of the Company.
공고 • Sep 22China Life Insurance Company Limited Announces Change of Composition of the Special Committees of the BoardThe board of directors of China Life Insurance Company Limited announced that in accordance with the relevant regulations of the Company and taking into account the composition of the special committees of the Board and the requirements on the duties of the members, Mr. Li Mingguang, an Executive Director of the Company, has been re-designated as a member of the Strategy and Assets and Liabilities Management Committee and has ceased to be a member of the Risk Management and Consumer Rights Protection Committee of the seventh session of the Board with effect from 21 September 2023.
공고 • Aug 08+ 1 more updateChina Life Insurance Announces Executive ChangesChina Life Insurance Company Limited announced that Zhao Peng tendered his resignation as the president, an executive director and as a member of the company's Strategy and Assets and Liabilities Management Committee on August 4, 2023, which took effect on the same day. The move comes as part of the company's efforts to adjust work arrangements. Peng has confirmed that he has no disagreement with the company's board of directors. Li Mingguang was appointed as the company president, subject to the approval of the National Administration of Financial Regulation. Prior to obtaining such approval, the board named Mingguang as the person temporarily in charge of the company. Mingguang, who has been serving as the secretary to the Party Committee of the Company since July 2023, has bee an executive director of the company since August 2019, and a member of the Party Committee of China Life Insurance (Group) Company since April 2023. Mingguang joined the company in 1996 and subsequently served as the deputy division chief, the division chief, an assistant to the general manager of the Product Development Department, the general manager of the Actuarial Department, the chief actuary, the board secretary and the vice president of the company. He had also been the chief actuary of China Life Pension Company Limited and a director of China Life Asset Management Company Limited.
공고 • Aug 05+ 2 more updatesChina Life Insurance Company Limited Announces Executive and Committee ChangesThe board of directors of China Life Insurance Company Limited announced that due to the adjustment of work arrangements, Mr. Zhao Pengtendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the Company on 4 August 2023, which took effect on the same day. Following his resignation, Mr. Zhao Peng also ceased to be the authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Mr. Li Mingguang, an Executive Director of the Company, will take over the role as authorised representative of the Company. The Board further announced that at the 27th meeting of the 7th session of the Board of the Company held on 4 August 2023, Mr. Li Mingguang was appointed as the President of the Company and his qualification as the President of the Company is subject to the approval of the National Administration of Financial Regulation. The Board has designated Mr. Li Mingguang to serve as the temporary person in charge of the Company prior to obtaining such approval. Mr. Li Mingguang, born in July 1969, has been serving as the Secretary to the Party Committee of the Company since July 2023, an Executive Director of the Company since August 2019, and a member of the Party Committee of China Life Insurance (Group) Company since April 2023. Mr. Li Mingguang joined the Company in 1996 and subsequently served as the Deputy Division Chief, the Division Chief, an Assistant to the General Managerof the Product Development Department, the Responsible Actuary of the Company, the General Manager of the Actuarial Department, the Chief Actuary, the Board Secretary and the Vice President of the Company. He was also the Chief Actuary of China Life Pension Company Limited and a Director of China Life Asset Management Company Limited. Mr. Li Mingguang graduated from Shanghai Jiao Tong University with a bachelor's degree incomputer science in 1991, Central University of Finance and Economics majoring in monetary banking (actuarial science) with a master's degree in 1996 and Tsinghua University with an EMBA in 2010. Mr. Li Mingguang is a Fellow of the China Association of Actuaries (FCAA) and a Fellow of the Institute and Faculty of Actuaries (FIA). He was the Chairman of the first session of the China Actuarial Working Committee and the Secretary-general of both the first and the second sessions of the China Association of Actuaries. He is currently the Vice Chairman of the China Association of Actuaries. Mr. Li Mingguang receives a special government allowance from the State Council. Due to the adjustment of work arrangements, Mr. Li Mingguang tendered his resignation as the Chief Actuary of the Company on 4 August 2023, which took effect on the same day. Mr. Li Mingguang has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation as the Chief Actuary of the Company that need to be brought to the attention of the shareholders of the Company. The Board further announces that at the 27th meeting of the 7th session of theBoard of the Company held on 4 August 2023, Ms. Hou Jin was appointed as the Chief Actuary of the Company and her qualification as the Chief Actuary of the Company is subject to the approval of the NAFR. The Board has designated Ms. Hou Jin to serve as the temporary chief actuary of the Company prior to obtaining such approval. Ms. Hou Jin, born in January 1980, has been serving as the Deputy General Manager of theActuarial Department of the Company since December 2019. She was an Assistant to the General Manager of the Actuarial Department of the Company from 2018 to 2019, and a senior actuary (Grade III) of the Actuarial Department of the Company from 2017 to 2018. Ms. Hou Jin successively graduated from Southwestern University of Finance and Economics and Nankai University with a master's degree in economics, and is a member of the Society of Actuaries.
공고 • Jun 30China Life Insurance Company Limited Announces Resignation of Hu Zhijun as SupervisorChina Life Insurance Company Limited announces that due to the adjustment of work arrangements, Ms. Hu Zhijun has tendered her resignation to the board of supervisors of the Company in respect of her position as an Employee Representative Supervisor of the Company on 29 June 2023, which took effect on the same day. Ms. Hu Zhijun has confirmed that she has no disagreement with the Board of Supervisors and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the Company. The Company would like to express its gratitude to Ms. Hu Zhijun for her contribution to the Company during her tenure of service.
공고 • Jun 29+ 1 more updateChina Life Insurance Company Limited Announces Appointment of Zhuo Meijuan as A Non-Executive DirectorChina Life Insurance Company Limited announced the election of Ms. Zhuo Meijuan as a Non-executive Director of the seventh session of the board of directors of the Company (the "Board") at the third extraordinary general meeting 2022 (the "EGM") of the Company held on the same day, and (ii) the announcement of the Company dated 12 May 2023 in relation to the election of Ms. Ye Yinglan as an Employee Representative Supervisor of the seventh session of the board of supervisors of the Company at the tenth extraordinary meeting of the third session of the employee representative meeting of the Company. The Company has recently received the approval of qualification of Ms. Zhuo Meijuan and Ms. Ye Yinglan issued by the National Administration of Financial Regulation (the "NAFR", the predecessor of which is the China Banking and Insurance Regulatory Commission). Pursuant to the approval, the qualification of Ms. Zhuo Meijuan as a Director of the Company and the qualification of Ms. Ye Yinglan as a Supervisor of the Company have been approved by the NAFR. Their term of service commenced on 21 June 2023. With effect from the same day, Ms. Zhuo Meijuan has served as a member of the Risk Management and Consumer Rights Protection Committee of the seventh session of the Board.
Seeking Alpha • Aug 25China Life Insurance reports 1H resultsChina Life Insurance press release (NYSE:LFC): 1H Net profit of RMB25.42B Revenue of RMB516.67B. Gross written premiums were RMB439.97B
Seeking Alpha • Aug 02China Life Insurance President resigns, new President appointedChina Life Insurance (NYSE:LFC) announced that due to the adjustment of work arrangements, Mr. Su Hengxuan tendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the company on Aug. 1, 2022. He had no disagreement with the board and there are no other matters relating to his resignation. Mr. Zhao Peng was appointed as the President of the company and nominated as an Executive Director of the board. Most recently, he served as VP, Agricultural Development Bank of China.
Seeking Alpha • Jul 15China Life Insurance: Fundamentals Remain IntactFundamentals are still strong for this large life insurance company. China should offer growth for this industry, as the demand is there. Valuation is still attractive at today's price level. Investment thesis My last article on China Life Insurance Company Limited (LFC) back in March this year came with a Buy call on the company, as I concluded that it offered good value at that time. If you had bought the shares at that time, you could take some comfort in knowing that your book value would now be down by just roughly 3% against a backdrop of the S&P500 going down more than 16% China Life Insurance versus SPY (SA) Alpha is alpha – even if the return is negative, which brings me to my last article on Blackrock’s China A-share ETF (CNYA), where I pointed out that it looks to me that China at this moment offers better prospects of improved return as opposed to Europe and to a lesser extent also the U.S. The reason for this you will find in that article. Back to China Life, perhaps as an alternative to buying the ETF CNYA one could use China Life as a good proxy for exposure to China. Recent development We will only get the interim financial report for 2022 around the 25th of August this year. However, we do have an indication of how some of the top lines for the first half of this year have fared, as they have reported accumulated premium income from 1st January to 30st June of 2022 and it came in at RMB 439.7 billion. This is slightly lower than the first half of 2020 when they recorded RMB 442.3 billion in premium. It should be expected, as the lockdown in the first half of this year may have put a damper on growth in premiums. More and more of their customers do now sign on for insurance online, but there are still those that prefer to sit down with a person in a branch office. Something which was hard to do due to Covid-19 restrictions. In the last few weeks, the central government has reduced quarantine times and eased some Covid-19 prevention measures. However, we do see that in different parts of China there has been a rise in new cases. But things are hopefully changing for the better. Consultancy firm Oliver Wyman predicted in a report published in March this year that China’s life insurance premiums are expected to surpass the U.S. market and become the world’s largest market by 2030. Annuity and endowment products presently only cover about RMB 30 trillion, which is much lower than the population’s expected pension needs. This highlights the gap and opportunities for insurers like LFC. A side note on investor activism LFC is among the largest shareholders in two of the largest position in my portfolio. These are HSBC (HSBC) and Hui Xian REIT, which is listed in Hong Kong under 8700.HK and controlled by CK Asset Holding (CHKGF). With regards to Hui Xian REIT, I have recently written to the board of directors and explained to them that it is not in the shareholder's interest that the company issues new units to settle distribution and management fees now that they are trading at a discount to NAV of 75%. Over the last ten years, they have added more than one billion new units, diluting the share count with 22.3% additional units without adding any productive assets to the balance sheet. As a matter of fact, they should be buying back and canceling shares at this point in time. So far, I have not received any response from Hui Xian REIT. My next step will be to reach out to LFC, and other shareholders, with the aim of getting their support for my request to Hui Xian REIT of terminating the issuance of new units at this moment. Hopefully, they can see the merits of my request and will want to take action. Risk to the thesis Under the leadership of Xi Jinping, China wants to make sure that the difference between the rich and poor, which is huge in China, should be addressed. That is not a bad thing.
Seeking Alpha • Mar 29China Life Insurance: Continues To Offer Good ValueChina Life's valuation is very attractive based on financial fundamentals. Share price has gone further down since my last buy call. We look at 2021 fiscal year results and revisit the investment thesis.
Seeking Alpha • Dec 16China Life Insurance: One Year Cash Flow Greater Than Its ValueFundamentals of China Life Insurance are good. Valuation is very attractive. Risks lie in the unknown things like liabilities in the accounts and further limitations to profit from future regulations.
Seeking Alpha • Aug 06China Life Insurance Company Limited: Risky, But Upside Potentially SignificantThe life insurance industry in China could see strong growth in the decade ahead. This stock could see significant exposure to risk in a low interest rate environment. However, should earnings growth remain solid, then I see potentially strong upside.
공고 • Aug 29China Life Insurance Company Limited (SEHK:2628) completed the acquisition of additional 5% stake in Wonders Information Co., Ltd (SZSE:300168) from Shanghai Wanhao Investment Co., Ltd.China Life Insurance Company Limited (SEHK:2628) agreed to acquire additional 5% stake in Wonders Information Co., Ltd (SZSE:300168) from Shanghai Wanhao Investment Co., Ltd. for approximately CNY 790 million on June 23, 2019. China Life Insurance Company Limited will acquire 55 million shares at 14.44 per share. Prior to this change in equity, Shanghai Wanhao Investment Co., Ltd. holds 200.6 million shares in Wonders Information Co., Ltd, accounting for 18.2871% stake and China Life Insurance Company Limited holds a total of 109.7 million shares in Wonders Information Co., Ltd, accounting for 10.0042% stake. After this change in equity, Shanghai Wanhao Investment Co., Ltd. will hold 145.6 million shares accounting for 13.2729% stake and China Life Insurance Company Limited will hold 164.7 shares, accounting for 15.0183% stake of Wonders Information Co., Ltd total share capital. China Life Insurance Company Limited (SEHK:2628) completed the acquisition of additional 5% stake in Wonders Information Co., Ltd (SZSE:300168) from Shanghai Wanhao Investment Co., Ltd. in second quarter of 2020.
공고 • Jul 10China Life Insurance Company Limited to Report First Half, 2020 Results on Aug 27, 2020China Life Insurance Company Limited announced that they will report first half, 2020 results on Aug 27, 2020
