China Life Insurance (LFC) reports a 46% decline in profit last year as the sliding Shanghai...

|About: China Life Insurance Com... (LFC)|By:, SA News Editor

China Life Insurance (LFC) reports a 46% decline in profit last year as the sliding Shanghai stock market forced losses on its holdings. The stock nevertheless rose 2.7% in Hong Kong last night as traders bet things can't get any worse for the company and are encouraged by plans to raise capital.