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

2628.HK on Hong Kong Stock

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Tue, Jun 30 2015

BRIEF-Nanhua Bio-medicine's unit, China Life's branch team up on stem cell research

* Says unit signs framework agreement on stem cell research with China Life's Changsha branch

China Life readies first PRC insurer core Tier 2 capital bonds

HONG KONG, June 19 (IFR) - China Life (Aa3/AA-/A+) will kick off meetings with fixed-income investors for the PRC's first capital offering that complies with regulations aimed at strengthening the insurance sector.

BRIEF-China Life reduces stake in China Minsheng Banking

* Says China Life has reduced holdings, to own less than 5 percent as of June 5 percent from 5.73 percent previously

Chinese insurers ready first issues of new sub debt

HONG KONG, May 29 (IFR) - China Life is set to be the first PRC insurer to adopt stricter regulations aimed at mitigating liquidity risks as the country battles rising debt and a slowing economy.

China Life hires leads for planned US$1bn sub debt

HONG KONG, May 19 (IFR) - China Life Insurance has mandated BNP Paribas, Citigroup and HSBC as joint global co-ordinators for an offering of US dollar subordinated bonds.

BRIEF-China Life Insurance's Jan-Feb premium income at 114.9 bln yuan

* Says Jan-Feb premium income totalled 114.9 billion yuan ($18.36 billion)

BRIEF-China Life Insurance's premium income at about 85.9 bln yuan in Jan

* Says premium income at about 85.9 billion yuan ($13.75 billion) in January

BRIEF-China Life Insurance sees 2014 net profit up about 30 pct on investment gains

* Says expects 2014 net profit to rise about 30 percent y/y versus net profit of 24.8 billion yuan ($3.97 billion) previous year

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