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China Life Insurance Company Limited

5/25/2013, 7:52 AM ET

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Tuesday, March 12, 7:19 AM Shanghai falls 1%, with regulator plans to increase the supply of shares by resuming IPOs the excuse du jour. Most affected by the bump in supply would be small caps (HAO), and they declined 3.4%. China Life Insurance (LFC) fell 1.7% as its shares began trading again after Monday's suspension. FXI -0.8% premarket. Comment! [Global & FX]
Monday, March 11, 12:13 PM China Life Insurance (LFC) shares remain halted following overnight comments to the press made by chairman Yang Mingsheng in which he said profits were set to improve this year. In a filing with the Hong Kong Stock Exchange, the company says Yang's comments were his own opinion and should not be taken as a forecast. Comment! [Financials]
Thursday, February 28, 10:26 AM China Life Insurance (LFC -2.3%) said last night 2012 profit likely declined 40% from a year ago. The news was inline with market expectations and shares rose 2.4% in Shanghai. Nevertheless, the ADRs are trading lower. Comment! [Financials, On the Move]
Tuesday, March 27, 2012, 7:05 AM 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. Comment! [Global & FX, Financials]
Tuesday, March 6, 2012, 1:03 PM China Life Insurance (LFC -8.3%) tumbles after it says 2011 net income may have shrank 40-50% from a year earlier due to declines in investment yields and increases in investment impairment losses from gyrating capital markets. Comment! [Global & FX, Financials, On the Move]
Wednesday, August 24, 2011, 8:25 AM China Life Insurance (LFC) says a 30B yuan bond issue is just a beginning in its plan to recapitalize. The insurer has been hit with huge losses, prompting JPMorgan to downgrade to Underweight. Shares -6% premarket. Comment! [Global & FX, Financials]
Tuesday, September 14, 2010, 5:55 PM Don't be fooled by the recent bounce in financial stocks, Louis Navellier warns. "High foreclosure rates and low lending rates are acting against the big banks," he says, urging investors to sell these 11 famous financials: STD, BAC, BCS, LFC, C, HBC, GS, JPM, LYG, RBS, WFC. 8 Comments
Monday, August 16, 2010, 8:04 AM AIG (AIG) is reportedly seeking pre-IPO investments from Chinese investors for AIA, and a consortium of Chinese companies including Industrial and Commercial Bank of China (IDCBF.PK) and China Life Insurance (LFC) is expected to bid for a 30% stake worth around $10B. Comment!
Monday, August 17, 2009, 4:56 PM The slide in foreign direct investment drives Chinese stocks trading in the U.S. - including Chalco (ACH -7.3%), China Life Insurance (LFC -4.6%) and Yanzhou Coal Mining (YZC -6.3%) to their biggest decline as a group since March. Comment!
Friday, June 19, 2009, 7:18 AM Prudential PLC (PUK) confirms it has sold its Taiwan agency to China Life (LFC), after receiving regulatory approval this week. As part of the deal, PRU will take a 10% stake in LFC. The sale frees up £800M in cash for Prudential. PUK +4.4% premarket. LFC +2.5% in Shanghai. Comment!
Thursday, May 14, 2009, 7:40 AM Bank of America (BAC) unloads 13.5B shares, or a nearly 6% stake, in China Construction Bank, giving it another $7.3B with which to weather the financial storm. Buyers include China Life Insurance Company (LFC). After the sale, BofA still owns about 11% of CCB's shares. Comment!
Thursday, January 22, 2009, 8:13 AM AIG (AIG) begins the sale process for its prized Asian life insurance unit, and hopes to pull in as much as $20B on the unit to help repay its government loans. Potential bidders include HSBC (HBC), Prudential Financial (PRU) and China Life (LFC). Comment!
Tuesday, October 28, 2008, 8:46 AM Early premarket gainers: AHG +41.5%. CAJ +16.5%. LPL +15%. VLO +12%. FITB +12%. YGE +10%. BP +11%. DFS +11%. BHP +11%. STO +11%. CHL +10%. LFC +10%. LDK +10%. Comment!
Monday, October 27, 2008, 9:27 AM Premarket losers: THOR -14%. AZ -12%. SI -12%. CTL -12%. SNP -11%. LFC -11%. CEO -11%. TTM -11%. PTR -10%. L -10%. AXA -10%. ACH -10%. DB -9%. CS -10%. AAUK -10%. AEG -9%. CGV -9%. RTP -9%. JAVA -8%. DAI -8%. WPPGY -8%. Comment!
Monday, August 25, 2008, 8:09 AM China Life Insurance Company (LFC): H1 net profit fell 32% to ¥15.84B ($2.48 billion), beating consensus estimates of ¥10.42B. "In the first half, the deep downturn of the capital market put huge pressure on the company's investment," it said. [Reuters] Comment!
Wednesday, August 13, 2008, 1:03 PM At two-year lows, strategists think the Chinese market will have plumbed its deepest depths by year end. (ETFs: FXI, PGJ). Lehman thinks China Life Insurance (LFC) is due for a bounce. Comment!