China Life Insurance Company
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The China Life Insurance Company Limited SEHK: 2628, NYSE: LFC, 601628.SH) (short China Life, Hanyu Pinyin: ZhongGuo RenShou BaoXian) is a Beijing-based China-incorporated company that provides life insurance and annuity products. It became a public-listed company on December 18, 2003, with a market capitalization of USD$5,756 million as of August 31, 2005. ¥832.5Billion was frozen during the IPO. The domestic listing, the first by an insurer in China, drew bids for about 49 times the stock on offer. The gains allow China Life to pass ING Groep NV, Allianz SE and Axa to become the world's no. 2 insurer with a market value of $129 billion, behind American International Group's $186 billion. China Life is also listed in China since Jan of 2007.
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