China Life Insurance Company Limited

SEHK:2628 Stock Report

Market Cap: HK$965.2b

China Life Insurance Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mingguang Li

Chief executive officer

CN¥552.2k

Total compensation

CEO salary percentage75.64%
CEO tenure1.5yrs
CEO ownershipn/a
Management average tenure1.8yrs
Board average tenure2.7yrs

Recent management updates

Recent updates

Why Investors Shouldn't Be Surprised By China Life Insurance Company Limited's (HKG:2628) Low P/E

Mar 03
Why Investors Shouldn't Be Surprised By China Life Insurance Company Limited's (HKG:2628) Low P/E
author-image

Rapid Stock Market Volatility And Rising Costs Threaten Profit Margins And Revenue Stability

Nov 07 Diversification into whole life and participating products may face challenges from shifting preferences and interest rate impacts on revenue growth.

Investors Appear Satisfied With China Life Insurance Company Limited's (HKG:2628) Prospects As Shares Rocket 44%

Oct 14
Investors Appear Satisfied With China Life Insurance Company Limited's (HKG:2628) Prospects As Shares Rocket 44%

Pinning Down China Life Insurance Company Limited's (HKG:2628) P/E Is Difficult Right Now

Aug 30
Pinning Down China Life Insurance Company Limited's (HKG:2628) P/E Is Difficult Right Now

CEO Compensation Analysis

How has Mingguang Li's remuneration changed compared to China Life Insurance's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

CN¥115b

Dec 31 2024n/an/a

CN¥107b

Sep 30 2024n/an/a

CN¥118b

Jun 30 2024n/an/a

CN¥55b

Mar 31 2024n/an/a

CN¥49b

Dec 31 2023CN¥552kCN¥418k

CN¥51b

Sep 30 2023n/an/a

CN¥39b

Jun 30 2023n/an/a

CN¥41b

Mar 31 2023n/an/a

CN¥40b

Dec 31 2022CN¥2mCN¥1m

CN¥67b

Sep 30 2022n/an/a

CN¥33b

Jun 30 2022n/an/a

CN¥35b

Mar 31 2022n/an/a

CN¥37b

Dec 31 2021CN¥2mCN¥1m

CN¥51b

Sep 30 2021n/an/a

CN¥51b

Jun 30 2021n/an/a

CN¥61b

Mar 31 2021n/an/a

CN¥62b

Dec 31 2020CN¥1mCN¥1m

CN¥50b

Sep 30 2020n/an/a

CN¥47b

Jun 30 2020n/an/a

CN¥51b

Mar 31 2020n/an/a

CN¥49b

Dec 31 2019CN¥1mCN¥597k

CN¥58b

Sep 30 2019n/an/a

CN¥49b

Jun 30 2019n/an/a

CN¥32b

Mar 31 2019n/an/a

CN¥24b

Dec 31 2018CN¥3mCN¥1m

CN¥11b

Compensation vs Market: Mingguang's total compensation ($USD76.58K) is below average for companies of similar size in the Hong Kong market ($USD670.86K).

Compensation vs Earnings: Mingguang's compensation has been consistent with company performance over the past year.

CEO

Mingguang Li (55 yo)

1.5yrs

Tenure

Mr. Mingguang Li has been President at China Life Insurance Company Limited since November 2023 and serves as its Executive Director since June 27, 2024 and held the same position as Executive Director fro...

Leadership Team

NamePositionTenureCompensationOwnership
Xiliang Cai
Executive Chairman of the Boardless than a yearno datano data
Mingguang Li
President & Executive Director1.5yrsno datano data
Ying Yuan
Chief Financial Officer1.2yrsCN¥424.80kno data
Hui Liu
VP, Chief Investment Officer1.4yrsCN¥945.40kno data
Ruan Qi
VP, Chief Cybersecurity Officer8.6yrsCN¥933.50kno data
Chongmiao Xu
Chief Compliance Officer & Head of Compliance10.7yrsCN¥1.39mno data
Jin Hou
Chief Actuary1.8yrsCN¥1.10mno data
Zhong Zhan
VP, Marketing Director & GM of Individual Insurance Division7.8yrsCN¥1.68mno data
Qun Huo
Assistant President5.6yrsno datano data
Ja Wei Heng
Company Secretaryno datano datano data
Grace Hou
Investor Relations Executiveno datano datano data

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: 2628's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Xiliang Cai
Executive Chairman of the Boardless than a yearno datano data
Mingguang Li
President & Executive Director5.8yrsno datano data
Hui Liu
VP, Chief Investment Officer1.4yrsCN¥945.40kno data
Ruan Qi
VP, Chief Cybersecurity Officer8.3yrsCN¥933.50kno data
Junhui Wang
Non-Executive Director5.8yrsno datano data
Haitao Zhai
Independent Director3.6yrsCN¥420.00kno data
Zhiquan Lin
Independent Director3.9yrsCN¥420.00kno data
Jie Chen
Independent Director2.8yrsCN¥420.00kno data
Weiqing Cao
Chairman of the Board of Supervisor2.5yrsno datano data
Jin Hu
Non-Executive Directorless than a yearno datano data
Yinglan Ye
Employee Representative Supervisor1.9yrsno datano data
Rong Hu
Non-Executive Directorless than a yearno datano data

2.7yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 2628's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/12 01:40
End of Day Share Price 2025/05/12 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

China Life Insurance Company Limited is covered by 59 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark William KellockBarclays
Dorris ChenBNP Paribas Securities (Asia)
Michael LiBofA Global Research