HONG KONG Oct 18 The Hong Kong-listed shares of
China Life, the world's largest insurer by market value, are set
to open down 3.26 percent on Thursday after it warned of a 55
percent fall in profits in the first nine months, pointing to
its first quarterly loss since 2008.
The profit warning by China Life
was issued on Wednesday night. If borne out when results are
reported on Oct. 26, those figures would translate into a 2.1
billion yuan ($335 million) third-quarter loss when taking into
account first half profits, its first quarterly loss since the
global financial crisis.
(Reporting by Clare Baldwin; Editing by Paul Tait)