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Mondo Visione (Free subscription) | 30/09/2008
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 6 October 2008, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below. The adjustments...
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People Daily (Free subscription) | 27/08/2008
China Life Insurance Co, the country's largest life insurer, will increase investments in infrastructure and look out for acquisition opportunities in the financial industry, the company's top management said yesterday. The insurer's growing interest in fixed-income products and stake investment stems from the uncertain outlook for the country's stock market in the second half of the year. "The US...
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Business Times Asiaone (Free subscription) | 26/08/2008
(HONG KONG) China Life Insurance said yesterday that it expects China's domestic A-share market to decline further in the second half, adding that it would seek investments in domestic infrastructure projects including energy, power and transportation. The country's top life insurer also said that it would watch for potential investments in the domestic financial services industry.
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People Daily (Free subscription) | 26/08/2008
China Life Insurance Company Co., the country's biggest insurer, said its first-half profit fell 36.16 percent, as a bearish stock market has squeezed investment return. Its net profit was 10.77 billion yuan (1.54 billion U.S. dollars) by June under China accountant standards, or 0.38 yuan per share, the company said in its half-year report on Monday. During January to June period, its investment income...
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Market Watch (Free subscription) | 25/08/2008
HONG KONG (MarketWatch) -- China Life Insurance Co. , the nation's largest insurer, said Monday net income for the first-half declined 32% from a year earlier as the slump in China's equities markets damped returns on investments. Net income totaled 15.8 billion yuan ($2.3 billion), down from 23.3 billion yuan in the year-earlier period. The result exceeded average forecasts for a 10.42 billion yuan...
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Seeking Alpha (Free subscription) | 06/08/2008
Tom Malthus submits: As a follow-up to my energy sector ADR piece , I am going to take a look at the Chinese and Hong Kong Financial sector ADRs. There are 3 Chinese and Hong Kong ADRs within the GICS financial sector: China Life Insurance (LFC), E-House (EJ), and Xinyuan Real Estate. Complete Story »
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Business Wire (Free subscription) | 22/07/2008
Snapdatas Snapshots China Life Insurance 2008 provides 2007 year-end market size data, with 2008 estimates, 5 years of historical data and five-year forecasts. The Snapshots report gives an instant overview of the Chinese life insurance market and covers traditional life insurance, pension insurance and personal accident insurance. Market value is based on single and regular premium income. The data...
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The Sun's Financial Diary (Free subscription) | 22/07/2008
With less than one month away from the Beijing Olympics, here’s a short video to give you a little taste of China if you can’t go to the Games a A Taste of China ---Check Out These Related Articles:Chinese Stocks: Too Hot to Handle?China Life Insurance Suspended, againChina: 2008China Life Surge with No Apparent ReasonAirliners Soliciting [...]
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Seeking Alpha (Free subscription) | 21/07/2008
Michael Michaud submits: My weekly stock pick last week was Google (GOOG). Its earnings disappointed the Street, and I got stopped out as the stock price declined. I’m re-initiating a buy on it at its current July 18 Friday close price of $481.32; stop-loss is $440.00. I’m seeing the major, intermediate, and minor fifth waves possibly ending here and opening up an opportunity for a possible reversal...
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DATA news (Free subscription) | 15/07/2008
Filed under: International markets , Toyota Motor Corp. (TM) , Barclays plc ADS (BCS) , China Life Insurance ADS (LFC) Markets in Europe and Asia sold off sharply. The Nikkei fell 2% to 12,755. Toyota (NYSE: TM ) was off 2.5% to 4680 yen. The Hang Seng sold off 3.9% to 21,157. China Life (NYSE: LFC ) dropped 6.1% to 26.75 yuan. The Shanghai Composite was down 3.4% to 2,779. In London, the FTSE dropped...
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Reuters UK (Free subscription) | 29/05/2008
SHANGHAI, May 29 (Reuters) - China Life Insurance Co , the country's largest life insurer, intends to expand its investment overseas, a senior executive said.
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Thaindian News (Free subscription) | 15/05/2008
Xinhua Beijing, May 15 (Xinhua) China Life Insurance (Group) Co., the nation's largest life insurer, has received 150 policy claims from the quake-hit areas in southwestern China, officials said Thursday. The company has estimated the combined compensation payments at 134 million yuan ($19.14 million) as of 4 p.m. Wednesday. The insurer said it has already settled [...]
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People Daily (Free subscription) | 29/04/2008
China Life Insurance Co, the nation's largest insurer, fell in Shanghai trading after the company reported a drop in first-quarter profit as a declining domestic stock market hurt investment returns. The Beijing-based insurer lost 4.12 p ...
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The Dragon Wisdom (Free subscription) | 28/04/2008
China Life Insurance announced first-quarter net profits of US$495.2 million, down 61% from the same period last year according to Chinese accounting standards, Reuters reported. The insurer, China's largest, recorded a loss of US$786 million on the fair value of its portfolio investments during the three-month period as the Shanghai stock market fell sharply from highs the previous fall. China Life's...
