(Public, SHA:601628)

Company’s Fact

China Life Insurance Company Limited (China Life) engaged in individual life insurance, group life insurance and short term insurance. Its products and services include individual life insurance, group life insurance, accident and health insurance. The Company is a provider of annuity products and life insurance for both individuals and groups, and a provider of accident and health insurance in China. As of December 31, 2007, the Company had over 93 million individual and group life insurance policies and annuities, and long-term health insurance policies in force. It also provides both individual and group accident and short-term health insurance policies, as well as services.

China Life is China's largest commercial insurance group, it also has the largest domestic life insurance market share in China. Its life insurance joint-stock companies are listed in New York, Hong Kong and Shanghai respectively. China Life's predecessors were: China People's Insurance Company founded in founded in 1949, PICC Life Insurance Company Limited which became part of the devision in in 1996 and China Life Insurance Company which was established in 1999. In year 2003, the China Life Insurance Company undergone reorganization and restructuring, and changed to China Life Insurance (Group) Company.

China Life’s subsidiaries (institutions) include China Life Insurance Co., Ltd, China Life Insurance Asset Management Co., Ltd., China Life Property and Casualty Insurance Co., Ltd., China Life Pension Company Ltd., China Life Insurance (Oversea) Co., Limited, China Life Investment Holding Company Ltd, China Life Franklin Asset Management Co., Ltd, and other insurance companies and agencies with scope of business covers life insurance, property insurance, endowment insurance (corporate pension), asset management, industrial investment, overseas business and education. The Company has cooperated equity capital through a number of banks, securities companies and other financial and non-financial organizations.

As of 2007, China Life insurance premium income had reached 220.881 billion yuan, accounting for the life insurance market share of 44%. The Group's total asset reached 1.204277 trillion yuan, accounting 45% of the total assets of the insurance industry in the whole China, and becomes the only one insurance group with over trillion value of assets in the whole country. China Life has been selected by Fortune for the “Global 500 companies” for five consecutive years.

Financial Overview

 25.17
+2.29 (10.01%)
Jul 9 - Close    

Open:  23.28      Mkt Cap:  711.42B      P/E:  31.34      Dividend:      -    

High:  25.17      52Wk High:  75.98      F P/E:      -      Yield:      -    

Low:  23.28     52Wk Low:  19.96     Beta:      -      Shares:  28.26B  

Vol:  28.90M      Avg Vol:      -      EPS:  0.80      Inst. Own:      -

Key Stats & Ratios

Date                Open High   Low     Close Volume

8-Jul-08         23.08 23.46 22.50 22.88 18,722,300

7-Jul-08         21.83 23.50  21.51 23.05 21,914,300

4-Jul-08         21.60 22.04  21.40 21.81 14,941,400

3-Jul-08         20.60 22.55 19.96 22.21 48,105,400

2-Jul-08         22.30 22.80 20.39 21.14 25,882,600

1-Jul-08         24.18 24.37 22.00 22.26 20,263,100

30-Jun-08      24.63 24.64 23.60 23.92 12,339,400

27-Jun-08      25.60 25.89 24.38 24.64 18,214,900

26-Jun-08      26.87 27.19 26.10 26.59 14,785,400

25-Jun-08      25.65 27.00 25.50 26.92 16,936,100

24-Jun-08      25.20 26.15 25.00 25.78 12,171,200

23-Jun-08      24.99 25.39 24.40 25.12 11,847,700

20-Jun-08      24.00 26.10 23.50 25.54 29,902,600

19-Jun-08      25.50 25.80 23.90 23.94 11,430,700

18-Jun-08      24.96 26.53 23.60 25.96 23,001,700

17-Jun-08      25.78 25.99 24.75 24.96 7,395,400

16-Jun-08      25.35 26.00 24.55 25.88 12,063,500

13-Jun-08      25.50 26.05 25.15 25.23 9,951,500

12-Jun-08      27.00 27.00 24.98 25.60 17,465,200

11-Jun-08      27.00 27.97 26.80 27.33 10,095,100

10-Jun-08      28.80 28.90 26.92 27.47 17,606,900

6-Jun-08        30.01 30.35 29.65 29.82 4,974,600

5-Jun-08        29.39 30.08 29.10 29.68 4,987,000

4-Jun-08        30.02 30.25 29.10 29.43 5,416,200

3-Jun-08        30.69 31.20 29.96 30.23 8,423,200

Chinese stocks rose sharply today, with China Life Insurance jumping its 10% daily limit, as investors were encouraged by stronger overseas share markets and a sharp drop of global oil prices. The Shanghai Composite Index surged 3.09% to a two-week high of 2,901.822 points, in the heaviest trade seen for weeks. The market had already begun rebounding late last week from near major chart support at the February 2007 low of 2,541, and the positive news from overseas has strengthened this trend, analysts said.

Speculation that China may shift monetary policy somewhat towards supporting growth from fighting inflation continued to boost shares. June inflation, to be officially announced in mid-July, dropped to 7.1% from 7.7% in May and 8.5% in April, government sources said on Tuesday. This caused financial and property shares to lead Wednesday's rises. China Life, the country's biggest life insurer, was also helped by hopes that a stronger stock market would boost its investment profits. The index faces major chart resistance at its April low of 2,990 points, which roughly coincides with its downtrend line from January.

On another hand, China Life Insurance (Group) Co. sold off 22.81 million A shares of China CITIC Securities as at June 27 with shareholding sliding to 4.97%. China Life Insurance held 352 million shares or a 5.32% stake in the securities firm before the sell-off as the third-largest shareholder. Shanghai-listed shares of China CITIC Securities dropped 7.32 percent to close at CNY 22.17 apiece on Tuesday after touching the lowest CNY 22 during the trading. Price of the shares has been going down since the start of the year from over CNY 90 to around CNY 22 at present.

A source said securities firms generally feel huge pressure arising from sliding earnings and industry expansion.

Yang Chao, chairman of China Life Insurance, said in March that as the largest institutional investor in China, China Life would not buy in and sell off shares in a short term to secure stableness of the stock market. The latest sell-off arouses broad worries about the future performance of mainland shares.

However, China has the large population in the world, the insurance industry in China has a huge growth potential. As the people are getting higher income nowadays and tend to improve their life style, the demand for insurance products will increase significantly. If we compare China with other developing countries, the insurance industry in China has an enormous room for growing. I personally think that China Life will be doing great in the near future.