China Life Insurance Company

From Wikipedia, the free encyclopedia
(Redirected from China Life)
Jump to navigation Jump to search

China Life Insurance Company Limited
中国人寿保险股份有限公司
Company typePublic; State-owned enterprise
IndustryFinancial services
Founded1949; 77 years ago (1949) (as PICC)
Headquarters
Beijing
,
China
Area served
People's Republic of China
Key people
Dairen Lin (CEO), Chairman: Yang Mingsheng
ProductsLife & health insurance
RevenueDecrease US$ 139.6 billion (2023)[1]
Decrease US$ -841.2 million (2023)[1]
Total assetsUS$ 954.0 billion (2023)[1]
Owner
Number of employees
176,625 (2023)[1]
ParentChina Life Insurance Group
Websitechinalife.com.cn

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 China's largest life insurer by market share, as of April 2023.[3] In 2023, the company was ranked 62nd in the Forbes Global 2000.[4]

History

[edit | edit source]

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.[5]

In 2023, China Life Insurance invested $3.5 billion in Honghu Private Securities Investment Fund. The same amount was invested by New China Life Insurance. The fund will aim to improve capital utilization efficiency and increase long-term investment assets.[6]

China Life Insurance Company continues to operate in Russia as of 2025, despite the international sanctions imposed on the country following its invasion of Ukraine. The company's Russian offices remain active, and it has advertised for new employees in the region. This ongoing presence has raised ethical questions, as Russia's actions and war crimes in Ukraine,[7][8] including civilian casualties and infrastructure destruction, have been widely condemned.[9][10][11]

See also

[edit | edit source]

Lua error in mw.title.lua at line 392: bad argument #2 to 'title.new' (unrecognized namespace name 'Portal').

References

[edit | edit source]
  1. ^ a b c d Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  2. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  3. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  4. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  5. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  6. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  7. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  8. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  9. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  10. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  11. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
[edit | edit source]
  • Business data for China Life Insurance Company:
  • China Life Insurance official website
  • e-chinalife.com
  • [1]

Lua error in Module:Authority_control at line 153: attempt to index field 'wikibase' (a nil value).

Retrieved from "http://70.231.62.181/index.php?title=China_Life_Insurance_Company&oldid=8993143"