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China Life Insurance Co ( (HK:2628) ) just unveiled an announcement.
China Life Insurance Company Limited plans to renew its asset management relationship with its connected subsidiary, China Life Asset Management Company, by entering into a new 2026–2028 Asset Management Agreement effective from 1 January 2026, ensuring continued discretionary investment and management of assets the insurer entrusts to AMC. Under the renewed arrangement, China Life will retain ownership of the assets while AMC operates the related accounts within company-set investment guidelines, and the fee structure will continue to comprise fixed management fees based on product type and assets under management plus variable fees tied to performance. As the deal constitutes a continuing connected transaction due to the shareholding structure between China Life, its controlling shareholder CLIC, and AMC, it falls under Hong Kong Listing Rules as a related-party arrangement, triggering reporting, announcement and annual review requirements but exempting it from independent shareholders’ approval because the transaction size remains below the specified threshold.
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 leading life insurer in the People’s Republic of China, offering a broad range of life insurance and related financial services. Listed in Hong Kong, it operates with China Life Insurance (Group) Company as its controlling shareholder and also engages in asset management through its connected subsidiary, China Life Asset Management Company (AMC), to manage investment assets that support its insurance and financial operations.
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.