Company type | Public; State-owned enterprise |
---|---|
| |
Industry | Financial services |
Founded | 1949 | (as PICC)
Headquarters | , |
Area served | People's Republic of China |
Key people | Dairen Lin (CEO), Chairman: Yang Mingsheng |
Products | Life & health insurance |
Revenue | 768,438,310,000 renminbi (2018) |
Total assets | $362.1 billion (2015) [1] |
Owner |
|
Number of employees | 99,739 |
Parent | China Life Insurance Group |
Website | chinalife.com.cn |
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]
Company type | Public; State-owned enterprise |
---|---|
| |
Industry | Financial services |
Founded | 1949 | (as PICC)
Headquarters | , |
Area served | People's Republic of China |
Key people | Dairen Lin (CEO), Chairman: Yang Mingsheng |
Products | Life & health insurance |
Revenue | 768,438,310,000 renminbi (2018) |
Total assets | $362.1 billion (2015) [1] |
Owner |
|
Number of employees | 99,739 |
Parent | China Life Insurance Group |
Website | chinalife.com.cn |
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]