China Life Insurance Company

China Life Insurance Company Limited (short China Life, simplified Chinese: 中国人寿保险; traditional Chinese: 中國人壽保險; pinyin: Zhōngguó rénshòu bǎoxiǎn) is a Beijing-headquartered China-incorporated company that provides life insurance and annuity products. China Life is ranked No. 94 on Fortune 2015 Global 500 Company list.[2] and is Chinese largest life insurer by market share, as of April 2023.[3]

China Life Insurance Company Limited
中国人寿保险股份有限公司
TypePublic; State-owned enterprise
IndustryFinancial services
Founded1949 (1949) (as PICC)
Headquarters,
Area served
People's Republic of China
Key people
Dairen Lin (CEO), Chairman: Yang Mingsheng
ProductsLife & Health insurance
Revenue768,438,310,000 renminbi (2018) Edit this on Wikidata
Total assets$362.1 billion (2015)[1]
Owner
Number of employees
99,739 Edit this on Wikidata
ParentChina Life Insurance Group
Websitechinalife.com.cn

In 2022, the company announced the de-listing of its American Depository Shares (ADS) and that the last day of trading was intended to be 1 September 2022. The underlying security of the ADS was the H shares, which would continue trading on the Stock Exchange of Hong Kong. The company cited limited trading volume in the ADS and administrative costs as the reasons for the de-listing.[4]

See also

References

  1. "The World's Largest Public Companies". Forbes. Archived from the original on 2017-12-05. Retrieved 2018-02-17.
  2. "China Life Insurance". Fortune. 2015-07-21. Archived from the original on 2016-05-06. Retrieved 2016-05-18.
  3. "China Life Profit Rises as Industry Recovers After Pandemic". Bloomberg.com. 2023-04-27. Retrieved 2023-05-08.
  4. 王俊伟. "China Life Insurance Co announces delisting from US stock market". www.chinadaily.com.cn. Retrieved 2023-06-10.
  • Business data for China Life Insurance Company:
  • China Life Insurance official website
  • e-chinalife.com
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