Value Partners Classic Fund Comments on China Life Insurance Co Ltd

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Mar 27, 2015

China Life Insurance (“China Life”) (HKSE:02628), together with its subsidiaries, is the largest integrated insurer in China. It has the most extensive distribution and service network among all insurance companies in China, covering life insurance, property & casualty insurance, pension plans (corporate annuity), asset management and industrial investment. Following its management's efforts to scale down bancassurance and focus on growing agency over the past few years, China Life is finally able to execute on its much needed changes and restore its growth profile. Meanwhile, it is expected to benefit from better investment returns and improving business performance amidst rate cut cycles.

From Value Partners (Trades, Portfolio)’ Classic Fund Q4 2014 Commentary.