China Life Insurance Co Ltd<601628><2628><LFC>, the country's largest insurer by premiums, currently has no plan to reduce its stake in China Construction Bank Corp (CCB)<601939><0939>, one of the Big Four state owned banks in China, sources reported on Monday, citing Liu Jiade, vice president of China Life, as saying....
China Life Insurance Asset Management Co Ltd, an insurance asset management unit of the country's largest life insurance company, China Life Insurance Co Ltd<601628><2628><LFC>, on Tuesday bought US$1.5 billion of H shares of China Construction Bank Corp (CCB)<601939><0939> from Bank of...
Shanghai-based Allianz China Life Insurance Co Ltd, a 51:49 joint venture (JV) between German financial services conglomerate Allianz Group and China's financial institution CITIC Trust Co Ltd, will focus on participating insurance with protection as major products for its bancassurance channels in 2009, the...
Central Huijin Investment Co, a wholly-owned subsidiary of China's sovereign wealth fund China Investment Corp (CIC), has secured approval from the State Council to buy the 38% stake in New China Life Insurance Co from China's insurance protection fund, Caijing Magazine reported Monday, citing...
China Life Insurance Co Ltd<601628><2628><LFC>, the largest life insurance company in the nation, intends to invest in real estate to diversify its investment portfolio, said the company鈥檚 chairman Yang Chao on Thursday, the China Daily reported.The China Insurance Regulatory Commission, the nation's...
* 'Modest' Prudential bid less than what AIG wants-sources * China Life drops out of bidding * Manulife among preliminary offers-source * AIG valued unit at up to $40 billion-sources (Recasts, adds Manulife comment) LONDON/NEW...
China Life Insurance Co Ltd<601628><2628><LFC>, the largest insurer in the country, is in talks with American International Group (AIG) to acquire the latter's Asian life insurance subsidiary, American International Assurance Co (AIA), the Shanghai Daily reported, citing a statement released by the China...
China Life Insurance Co<601628><2628><LFC> and Wing Hang Bank's<302> Fung family were in talks last year to acquire stakes of the local bank from strategic partner Bank of New York Mellon Corp (BNY Mellon), the Standard reported, citing a statement released by the Securities and Futures Commission...
* Market rebounds as TSMC, HTC gain * Powerchip rises on report of industry consolidation * LCD shares fall on report of China rival * China Life up on news of buying Prudential's most insurance...
China Life Insurance Co Ltd<601628><2628><LFC>, the largest insurer in the country, raked in RMB 36.6 billion (US$5.4 billion) premium income in January, said the company in a statement filed with the Shanghai Stock Exchange (SSE), without providing comparable figures.Its smaller rival China Pacific...