Reported about 1 month ago
China Life Insurance Co. recorded an 11% profit rise to 38.3 billion yuan in the first half of the year, aided by a recovering stock market that boosted investment returns. The growth reflects increased demand for savings products and reduced distribution costs, alongside significant gains in fair-value financial assets. The firm's new business value expanded by approximately 19%. China Life is also focusing on undervalued stock investments in technology and green development.
Source: YAHOO