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China Life Insurance Company Limited (short China Life, simplified Chinese: 中国人寿保险; traditional Chinese: 中國人壽保險; pinyin: Zhōngguó rénshòu bǎoxiǎn) is a Beijing -headquartered China -incorporated company that provides life insurance and annuity products.
Aug 24, 2023 · If you are seeking a defensive sector in China, an economy buffeted by debt crises and dirigisme, insurance could fit the bill. Insurers are enjoying a stronger-than-forecast surge in sales.
- Key Rating Drivers
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- ESG Considerations
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State Ownership: Fitch regards the ownership of China Life as positive for its IFS Rating. We believe there is a high probability of the Chinese government providing financial or operational support in times of stress. This considers China Life's effective ownership by the Ministry of Finance through its majority shareholder, China Life Insurance (...
Factors that could, individually or collectively, lead to negative rating action/downgrade: - An adverse change in Fitch's view of the willingness of the Chinese government to support China Life, including a significant change in the shareholding structure that results in the Ministry of Finance losing its controlling stake in China Life's majority...
International scale credit ratings of Financial Institutions and Covered Bond issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of ratin...
Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'. This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. For more information on Fitch's ESG Relevance Scores, visit www.fit...
Numbers in parentheses accompanying applicable model(s) contain hyperlinks to criteria providing description of model(s).
Sep 30, 2024 · China Life's significant role in China's insurance sector remains intact. 'Very Strong' Financial Performance: Our assessment considers China Life's average return on equity (ROE) of 14% in 2022-2023 (2023: 11%) on IFRS 17 accounting standard. The annualised ROE was 16% on strong unrealised gains in 1H24.
Sep 29, 2021 · Market Leader, Robust Agency Force: Fitch Ratings ranks China Life Insurance Company Limited’s business profile as ‘Most Favourable’ compared with that of other life insurers in China, underpinned by its leading business franchise and well-diversified business and distribution.
China Life Insurance (Overseas) Company Limited ("China Life (Overseas) ") is the only overseas wholly-owned subsidiary of China Life Insurance (Group) Company, China’s largest...
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4 days ago · China Life Insurance Co Ltd (2628:HKG) company profile with history, revenue, mergers & acquisitions, peer analysis, institutional shareholders and more.
