Key Developments: China Life Insurance Co Ltd (601628.SS)
16.86CNY
21 May 2013
¥0.02 (+0.12%)
¥16.78
¥16.84
¥16.94
¥16.80
6,091,344
17,272,561
¥22.70
¥16.17
Latest Key Developments (Source: Significant Developments)
China Life Insurance Co Ltd Announces Appointment Of Chief Financial Officer
China Life Insurance Co Ltd announced that on March 27, 2013, the Board approved the proposal on the nomination of Yang Zheng as the Chief Financial Officer of the Company, pursuant to which the appointment of Mr. Yang Zheng as the Chief Financial Officer of the Company was approved by the Board.The Company has recently received the Approval of Qualification of Yang Zheng as Chief Financial Officer issued by China Insurance Regulatory Commission, pursuant to which the appointment of Mr. Yang Zheng as the Chief Financial Officer of the Company became effective on April 26, 2013. Full Article
China Life Insurance Co Ltd to Set up Limited Partnership Enterprise
China Life Insurance Co Ltd announced that it will invest RMB 5 billion to set up a limited partnership enterprise with China Life Insurance(Group) Company, Suzhou International Development Venture Capital Holdings Co Ltd and Soochow Securities. The enterprise will be funded RMB 10 billion under management and engaged in the investment in municipal infrastructure industry, city development industry, investment management, and investment advisory. Full Article
China Life Insurance Co Ltd Recommends Final Dividend
China Life Insurance Co Ltd announced that the Board of Directors has recommended a final dividend of RMB0.14 per share (inclusive of tax), amounting to a total of approximately RMB3,957 million. If approved, the final dividend is expected to be paid on August 28, 2013 to the H Share shareholders whose names appear on the H Share register of members of the Company on June 17, 2013. Full Article
China Life Insurance Co Ltd Comments On FY 2012 Profit Guidance
China Life Insurance Co Ltd announced that for fiscal 2012, it expects net profit may decrease by approximately 40% as compared to the net profit attributable to equity holders of the Company for fiscal 2011. Full Article
China Life Insurance Co Ltd Issues Subordinated Bonds
China Life Insurance Co Ltd announced that it has issued RMB 10 billion worth of 10 year subordinated bonds, with the right of redemption in the end of the fifth year. The coupon rate for the first five years is 4.58%, and the coupon rate for the last five years will be 6.58% if the right of redemption is not exercised. China Citic Securities Co., China International Capital Corp., UBS Securities Co., Industrial & Commercial Bank of China Ltd. and Credit Suisse Founder Securities Ltd. are the lead underwriters of the offering. Full Article
China Life Insurance Co Ltd Announces FY 2012 Q1 to Q3 Net Profit Outlook
China Life Insurance Co Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2012 decrease by approximately 55%, compared to the net profit of the same period in FY 2011 (RMB 16,717,000,000). The Company cited the decreased rate of return on investments and impairment loss on assets as the main reasons for the forecast. Full Article
China Life Insurance Co Ltd Does Not Recommend Interim Dividend
China Life Insurance Co Ltd announced that it will not declare an interim dividend for the for the six months ended June 30, 2012. Full Article
China Life Insurance Company Limited Announces FY 2012 H1 Net Profit Outlook
China Life Insurance Company Limited announced that it expects its net profit for the first half of fiscal year (FY) 2012 to decrease by not more than 29.4%, compared to the net profit of the same period in FY 2011 (RMB 12.964 billion). The Company cited the decreased investment income rate and increased asset impairment loss as the main reasons for the forecast. Full Article
China Life Insurance Company Limited Announces Appointment Of Chairman
China Life Insurance Company Limited announced that Mr. Yang Mingsheng was elected as the Chairman of the Board and Ms. Xia Zhihua was elected as the chairperson of the Supervisory Committee respectively. Full Article
China Life Insurance Company Limited to Acquire Properties
China Life Insurance Company Limited announced that it plans to acquire real estate properties with a total construction area of 803,424.09 square meters from a Beijing-based investment company, for up to RMB 1.7 billion. Full Article
China Life forms new $1.6 bln infrastructure investment firm
HONG KONG, April 15 - China Life, the world's biggest insurer by market value, has formed an infrastructure investment firm with a total capital of 10 billion yuan ($1.6 billion), the state-owned insurer said on Monday.
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