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An update from China Life Insurance Co ( (HK:2628) ) is now available.
China Life Insurance Company Limited has detailed the terms of reference for its Board Audit Committee, reinforcing the committee’s role in overseeing financial reporting, disclosure quality, internal and external audit work, and the effectiveness of internal controls. Comprised of three to five non-executive directors, with independent directors forming the majority and an accounting professional as chair, the committee is empowered to review key financial and control reports, recommend the appointment or dismissal of external auditors and the head of finance, and exercise supervisory powers traditionally held by a board of supervisors, including inspecting financial affairs, supervising directors and senior management, and proposing or convening shareholder and board meetings when necessary. The framework underscores a stronger governance structure by requiring the Board to consider and respond to the Audit Committee’s opinions, and mandates public disclosure and explanation when the Board diverges from those recommendations, signaling an emphasis on transparency and investor protection.
The most recent analyst rating on (HK:2628) stock is a Buy with a HK$32.00 price target. To see the full list of analyst forecasts on China Life Insurance Co stock, see the HK:2628 Stock Forecast page.
More about China Life Insurance Co
China Life Insurance Company Limited is a major Chinese life insurer offering a range of life, health, and accident insurance products, as well as annuities and related financial services. The company primarily serves the domestic Chinese market and is listed in multiple jurisdictions, operating under stringent regulatory and corporate governance frameworks applicable to large, publicly traded financial institutions.
Average Trading Volume: 65,537,768
Technical Sentiment Signal: Buy
Current Market Cap: HK$1243.2B
Learn more about 2628 stock on TipRanks’ Stock Analysis page.