| China Life Insurance Company Limited 中国人寿保险股份有限公司 | |
| Type: | Public |
| Foundation: | (as PICC) |
| Location City: | Beijing |
| Location Country: | China |
| Key People: | Dairen Lin, Chairman: Yang Mingsheng |
| Area Served: | People's Republic of China |
| Industry: | Financial services |
| Products: | Life & health insurance |
| Assets: | $362.1 billion (2015)[1] |
| Parent: | China Life Insurance Group |
China Life Insurance Company Limited (short China Life,) 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 Chinese largest life insurer by market share, as of April 2023.[3] In 2023, the company was ranked 62nd in the Forbes Global 2000.[4]
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]