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An announcement from China Life Insurance Co ( (HK:2628) ) is now available.
China Life Insurance Company Limited plans to form an investment partnership with Fujian Government Investment, Fuzhou Jintou, Jinhong Zhiyuan and Fuzhou Herui, committing RMB2.8 billion of the total RMB4.0154 billion capital, with China Life Jinshi acting as the partnership’s manager. The arrangement, classified as a connected transaction under Hong Kong listing rules due to the involvement of China Life’s controlling shareholder and its affiliates, is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval, and is expected to be formalized by the end of 2026.
The most recent analyst rating on (HK:2628) stock is a Buy with a HK$40.00 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 life insurer incorporated in the People’s Republic of China and listed in Hong Kong. The company focuses on life insurance and related financial services, with its controlling shareholder China Life Insurance (Group) Company holding a majority stake, and uses affiliated investment entities to manage part of its capital deployment.
Average Trading Volume: 67,322,272
Technical Sentiment Signal: Buy
Current Market Cap: HK$1130.1B
Learn more about 2628 stock on TipRanks’ Stock Analysis page.