China Life Insurance Company Limited provides life insurance and annuity products to individuals and groups in China. Its products include whole life and term life insurance, endowment insurance, and annuities. The company also offers accident, as well as long-term and short-term health insurance products. It distributes its products through its direct sales representatives, commercial banks, postal offices, insurance agencies, insurance brokerage companies, savings cooperatives, agents, and intermediaries. The company was founded in 1949 and is headquartered in Beijing, China. China Life I...
LFC has a monopoly in life insurances. By investing in this company you enjoy the fruits of chinese IPO's, as LFC invests it's money freely in Chinese stock market IPO's.
This is a good stock. It is overvalued, therefore there will be much volatility in short-term, but eventually the company has much space to grow, and is going to catch up to the share price. I would expect a few sharp corrections through 2007, but the stock will raise.
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The Summer Olympics are only eight days away and what the Chinese had hoped would be their coming out party to celebrate all that is good, may instead become quite the opposite.
Although Exchanges, which operates stock and futures exchanges as well as their related clearing houses, was down 48% in the first half of the year, Wang is upbeat about its future growth. Wang predicts more money from mainland China will go overseas, both from institutional and individual investors. ???Exchanges eventually will allow dual listing by foreign companies and become the first parking lot for those who seek global investment
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About China Life Insurance Company Ltd
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The Summer Olympics are only eight days away and what the Chinese had hoped would be their coming out party to celebrate all that is good, may instead become quite the opposite.
