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Insurer: Search for investor going well
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China Life Insurance Co, the mainland's largest life underwriter,
is making smooth progress in its attempt to induct foreign investors;
and will concentrate on its core business for now, the top management
said yesterday.
"Bringing in foreign investors will help improve corporate
governance, product development and internal risk management, but we
are very prudent in choosing our partner," Miao Fuchun, vice-
president of China Life, said at a press conference yesterday.
He declin...
Related newspaper, magazine, and journal articles from HighBeam Research
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China Life Insurance searching for global partner
China Daily
; China Life Insurance Co, overtaken by rivals in a race for foreign investors, is accelerating its search for a global partner nearly three years after a deal with Citigroup Inc fell through. Talks with Citigroup over selling a 25-per cent stake stalled over price disputes in 2003, according to two
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US regulator: No action on China Life
China Daily
; China Life Insurance Co, the country's biggest insurer, said the US Securities and Exchange Commission (SEC) has terminated a probe into its Hong Kong and US initial public offering (IPO) in 2003, which raised US$3.5 billion. The securities regulator's enforcement division, in a letter dated June
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 "The Cincinnati Post (Cincinnati, OH)")
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LAW FIRM SETS SIGHTS ON CHINA LIFE.(Business)
The Cincinnati Post (Cincinnati, OH)
; Byline: Jon Newberry Post staff reporter The Cincinnati law firm Strauss & Troy has jumped into the fray against China Life Insurance Co. in what could be one of the year's biggest shareholder class-action lawsuits. The firm filed a lawsuit in federal court in New York on behalf of Cincinnati
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China Life Insurance raises $3.62 billion in mainland BUSINESS ASIA by Bloomberg
International Herald Tribune
; Bei Hu International Herald Tribune 12-28-2006 China Life Insurance raised 28.3 billion yuan, or $3.62 billion, in the first public share sale by a Chinese insurance company in mainland China, after pricing the stock at the top end of its range, two people with direct knowledge of the offering
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China Life chair set to take helm at PICC
China Daily
; ... through the board," said an insurance professor who declined to be named. "The excessive involvement of the government is not good news for the capital market, especially for a company that just launched A shares in a period of rapid growth," he added. The China ...
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 "Deseret News (Salt Lake City)")
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China Life's shares rise sharply in debut
Deseret News (Salt Lake City)
; NEW YORK -- China Life Insurance Co., which dominates its market in China, saw its shares rise sharply higher in their U.S. debut Wednesday. China Life shares closed their first day on the New York Stock Exchange at $23.72, 27 percent above the $18.68 offering price set last week on its initial
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China Life still interested in property insurer
China Daily
; China Life Insurance, the country's largest life insurer, has not ruled out acquiring Shanghai-based property insurer Dazhong Insurance Co in order to diversify its business, the chairman said yesterday. "Even though we finally decided to set up a property and accident company from scratch, we will
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China Life growing wary of stock swings INVESTING MARKETPLACE by Bloomberg
International Herald Tribune
; China Life growing wary of stock swings INVESTING MARKETPLACE by Bloomberg Byline: Josephine Lau Bloomberg News Edition: 4 Section: FINANCE/BUSINESS NANJING, China -- China Life Insurance, with about $26 billion in assets under management ...
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China Life increases Minsheng bank stakeBUSINESS ASIA by Bloomberg
International Herald Tribune
; Luo Jun and Josephine Lau International Herald Tribune 06-28-2007 China Life Insurance has increased its stake in China Minsheng Banking, overtaking the Chinese billionaire Liu Yonghao as the biggest shareholder of the country's only privately controlled bank. The nation's largest insurer owns
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China Life to set up property arm
China Daily
; China Life Insurance Co, the country's largest life insurer, has received the green light to set up a property and casualty insurance arm. The move, approved by the industry regulator, will expand the company's core business scope, top managers said yesterday. "Non-life insurance and pensions will
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