News: China Life Insurance Co Ltd (2628.HK)

2628.HK on Hong Kong Stock

31.85HKD
12:26am EST
Change (% chg)

HK$-0.70 (-2.15%)
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HK$32.55
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HK$32.80
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Wed, Dec 10 2014

Fitch: Rising Risk Awareness to Curb China Life Insurers' Yield Chase

(The following statement was released by the rating agency) HONG KONG, December 10 (Fitch) Fitch Ratings says Chinese life insurers' enhanced risk awareness amid heightened regulatory supervision and more stringent capital rules will rein in their investment activities in 2015. Chinese life insurers have increased their alternative investments (such as debt investment plans, trust schemes, and wealth management products) in search of higher yields. This makes their credit profiles more vulne

UPDATE 3-Sinopec to sell $17.5 bln retail stake in privatisation push

* Leading investors include Harvest Fund Mgt, China Life Insurance, Tencent

UPDATE 1-Sinopec sells $17.5 bln stake in retail unit to investors

* Leading investors include Harvest Fund Mgt, China Life Insurance, Tencent

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