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HKG:2628

6 stories mentioning HKG:2628Updated 10d ago

Every FINWIRES story that references HKG:2628, newest first.

Asia

China Life Insurance Renews Insurance Sales Framework Contract

China Life Insurance (HKG:2628, SHA:601628) renewed an insurance sales framework agreement with China Life Property and Casualty Insurance ahead of its March 31, 2027 expiry.The company will continue to be entrusted by China Life Property and Casualty Insurance to act as an agent to sell certain insurance products within the authorized region, according to a Friday Hong Kong bourse filing.The new contract will be valid from Jan. 1, 2027 to Dec. 31, 2029, subject to shareholder approval, and will replace the old agreement.

HKG:2628SHA:601628
Asia

China Life Insurance Forecasts Up to 235% Surge in H1 Profit

China Life Insurance (HKG:2628, SHA:601628) expects an attributable profit of between 128.9 billion yuan and 137.1 billion yuan for the first half of 2026, up 215% to 235% from 40.9 billion yuan a year prior.The insurer attributed the forecast to the diversification of its products, enhanced cost efficiency, a boost in professional investment capabilities, and optimization in asset allocation, according to a Tuesday Hong Kong bourse filing.

HKG:2628SHA:601628
Asia

China Life Insurance Eyes Partnership with Affiliate for Semiconductor Niche Investments

China Life Insurance (HKG:2628, SHA:601628) is planning to enter into a partnership, as a limited partner, with China Life Industrial Investment Management as the general partner by year-end.The company will contribute 4.999 billion yuan in capital to the partnership, with China Life Industrial Investment Management contributing 1 million yuan.The partnership, which will be valid for eight years, will mainly invest in companies operating in the semiconductor industry.The capital raised by the partnership will be invested in up to 3% equity interest in a provider of process-related supporting services to design houses and other system companies.China Life Capital, parent of China Life Industrial Investment Management, will serve as the manager of the partnership.China Life Capital is a unit of China Life Insurance (Group), the controlling shareholder of China Life Insurance.

HKG:2628SHA:601628
Asia

China Life Insurance to Renew Deposit Agreements With China Guangfa Bank Until 2028

China Life Insurance (HKG:2628, SHA:601628) plans to renew its agreements with China Guangfa Bank for another two years, according to a Shanghai bourse filing on Friday.The agreements are the current deposit and renminbi corporate call deposit agreements, which were previously signed in 2023 and are set to expire on July 14. The renewed deal will expire on July 14, 2028.Under the deals, the insurance company's current business deposits with the bank will not exceed 9 billion yuan and the contracted call deposit accounts will be up to 10 billion yuan.The company's Shanghai and Hong Kong shares both fell around 2% during the morning trade.

HKG:2628SHA:601628
Asia

Market Chatter: Top Chinese Insurers Start Buying Dimsum Bonds Through Bond Connect

China's top insurance companies made their pilot purchases of renminbi-denominated offshore bonds, called dimsum bonds, through the Southbound Connect program, Bloomberg News reported Friday, citing insiders.Ping An Insurance (SHA:601318, HKG:2318), China Life Insurance (HKG:2628, SHA:601628) and Taikang Insurance Group are among the top insurers that have access to the Bond Connect, the sources told Bloomberg.At least two insurers have bought the dimsum bonds since through the program, the report said.Ping An and China Life are yet to reply to' request for comment, while Taikang currently does not have an email address.In a reply, the National Financial Regulatory Administration told Bloomberg that it agreed to some of the insurers' moves to invest in eligible bonds through the program, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:2318HKG:2628SHA:601318SHA:601628
Asia

China Life Insurance's Q1 Profit Slips 32%

China Life Insurance (HKG:2628, SHA:601628) recorded a 32% decline in attributable profit in the first quarter of 2026 to 19.5 billion yuan from 28.8 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.Earnings per share slipped to 0.69 yuan from 1.02 yuan in the corresponding period of the previous fiscal year.The insurer's operating income slid 15% to 93.3 billion yuan from 110.2 billion yuan in the year-ago period.The decline in profit was mainly due to a relatively high base in the first quarter of 2025 and market value fluctuations of certain equity investments in the period.

HKG:2628SHA:601628

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