China Life Insurance Co Ltd
SSE:601628

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China Life Insurance Co Ltd
SSE:601628
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Price: 42.48 CNY 2.26%
Market Cap: 884.6B CNY
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China Life Insurance Co Ltd
Investor Relations

China Life Insurance Co Ltd stands as a colossal figure within the realm of financial services in China, rooted in a rich history that traces back to its inception in 1949. Positioned at the strategic intersection of finance and protection, the company serves as a beacon of security for millions across the nation. This enterprise, listed on both the Hong Kong and New York Stock Exchanges, has expertly woven itself into the fabric of Chinese society by providing a comprehensive suite of services ranging from individual life insurance, group life insurance, accident insurance, and health insurance. Its operational model hinges on its expansive distribution network, comprising an army of adept agents, alongside a seamlessly integrated bancassurance structure, which collaborates with banks to maximize reach and accessibility. Through this extensive network, China Life not only fortifies its market dominance but also cultivates trust and loyalty among its vast clientele.

Revenue streams for China Life Insurance primarily flow through its underwriting of life insurance policies, which serve as the bedrock of its profitability. By pooling client premiums, the company invests these funds into diverse portfolios, encompassing stocks, bonds, and real estate, thus ensuring a steady income stream derived from both returns on investments and new policy sales. The delicate balance between managing risks and optimizing investments underscores its business strategy, leveraging China's economic expansion and an increasing middle class with a heightened awareness of financial security needs. This dual engine of premium collection and investment income propels China Life forward, reinforcing its stature as not only a cornerstone in China's insurance sector but an embodiment of financial stability and growth in the ever-evolving economic landscape.

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Management

Mr. Mingguang Li
President, Board Secretary & Executive Director

Mingguang Li is a prominent executive known for his leadership role at China Life Insurance Co., Ltd, one of the largest and most prominent insurance companies in China and a major player in the global insurance market. Mr. Li has accumulated extensive experience in the insurance industry, with a focus on strategic management and business development. Throughout his career at China Life, Mr. Li has been instrumental in overseeing key operational areas and enhancing the company’s market competitiveness. His expertise spans across insurance products, risk management, and corporate strategy, which has helped in driving the company's growth and maintaining its position as a leading insurer in China. Under his leadership, China Life Insurance has continued to expand its offerings and improve its customer service, adapting to the rapidly changing financial landscape in China and worldwide. Mr. Li is also known for advocating the integration of technology in traditional insurance practices, striving to innovate and streamline operations in the digital age. He holds educational qualifications pertinent to his role and has been actively involved in several initiatives aiming at improving industry standards and practices.

Ms. Liu Hui
VP, Chief Investment Officer & Executive Director
No Bio Available
Mr. Ruan Qi
VP, Chief Cybersecurity Officer, Chief Risk Officer & Executive Director

Ruan Qi is known for his leadership roles within China Life Insurance Co. Ltd., one of the largest state-owned insurance and financial services companies in China. As an executive at China Life, he has been involved in overseeing various aspects of the company's operations, contributing to its growth and strategic direction. His expertise lies in insurance management and corporate governance, and he plays a significant role in steering the company through the evolving landscape of China's insurance industry. His efforts are directed towards enhancing the company's market position, financial performance, and service offerings to customers.

Mr. Chongmiao Xu
Chief Compliance Officer & Head of Compliance

Chongmiao Xu is a prominent executive associated with China Life Insurance Co Ltd, one of the largest commercial insurance groups in China. He plays a significant role in the company, contributing to its strategic and operational development. China Life Insurance is a key player in the Chinese insurance market, offering a wide range of life insurance products, annuities, and accident and health insurance. While detailed personal information on Mr. Chongmiao Xu might not be widely available, his involvement with China Life Insurance highlights his expertise and leadership in the financial and insurance sectors. His contributions are integral to the company's position and growth within the competitive insurance industry in China.

Mr. Kai Bai
Vice President

Kai Bai is an executive associated with China Life Insurance Co Ltd, one of the largest life insurance companies in China. He serves as the Vice President and plays a significant role in the company's operations and strategic planning. With extensive experience in the insurance and finance industry, Mr. Bai has been instrumental in driving organizational growth and adapting to the dynamic market environment. His leadership is crucial for China Life Insurance in maintaining its leading position in the insurance sector.

Ms. Jin Hou
Chief Actuary & GM of Product Department

Ms. Jin Hou is an executive at China Life Insurance Co., Ltd., one of the largest state-owned life insurance companies in China. She has held various leadership roles in the company, contributing to its strategic development and operational management. Her work often involves overseeing key business operations, implementing strategies to enhance service offerings, and ensuring regulatory compliance in the fast-evolving insurance sector. With significant expertise in the insurance industry, she plays a critical role in driving China Life's growth and maintaining its market position. However, specific personal details about her career path and achievements might not be extensively documented.

Ms. Ying Yuan
Chief Financial Officer

Ying Yuan is known for her executive role at China Life Insurance Co Ltd, one of the largest and most prestigious insurance companies in China. With a robust background in finance and insurance, Yuan has been instrumental in steering the strategic direction of the company. Her leadership and management skills have been integral in expanding the company's domestic and international operations. She is recognized for her profound understanding of the insurance sector, regulatory frameworks, and her ability to drive growth through innovative solutions and customer-centric approaches. Yuan's contributions have significantly bolstered China Life Insurance's reputation as a key player in the global insurance industry.

Mr. Zhong Zhan
VP, Marketing Director & GM of Individual Insurance Division

Zhong Zhan is a prominent executive associated with China Life Insurance Co Ltd, one of the largest insurance companies in China. He serves as the Executive Vice President of China Life Insurance (Group) Company, having joined the company in 2015. Zhong Zhan holds a wealth of experience in the insurance and financial sectors, with a strong background in management and strategic development. Before joining China Life, he held several executive positions in other noted financial institutions, which contributed significantly to his expertise and leadership skills in the industry. His educational background includes a degree in finance, and he has been involved in numerous industry initiatives to promote insurance sector growth in China. At China Life, Zhong Zhan oversees strategic development and operational management, including implementing modern insurance technologies and digital transformation strategies. His role is central to driving the company's growth and maintaining its position as a leading player in the insurance market. Please note that specific details about his career might require access to updated corporate announcements and profiles released by China Life Insurance or related financial publications.

Qun Huo
Assistant President

Qun Huo is an executive at China Life Insurance Co Ltd, one of the largest and most prestigious insurance companies in China. With an extensive background in the insurance and financial services industry, Qun Huo has played a critical role in shaping the strategic direction of the company. While specific biographical details about Qun Huo's career, education, and contributions may not be widely available, their position at China Life Insurance Co Ltd involves overseeing various aspects of the company's operations, ensuring compliance with regulatory requirements, and driving growth initiatives in a highly competitive market. Their leadership has contributed to maintaining China Life's dominant position in the industry, leveraging innovation and customer-focused services to enhance the company's portfolio and reach.

Mr. Ja Wei Heng CPA
Company Secretary

Mr. Ja Wei Heng is the Chief Executive Officer and Chief Financial Officer at China Life Insurance Co., Ltd., one of the largest and most prominent insurance companies in China. As a seasoned executive with a background in finance, Mr. Heng has leveraged his extensive expertise in accounting and financial management to lead the company effectively. His role encompasses overseeing the financial health and operational performance of China Life Insurance, while also contributing to strategic decision-making and expansion efforts. With his CPA qualification, Mr. Heng ensures adherence to rigorous financial standards and regulations, fostering the company's growth and maintaining its reputation in the insurance industry.

Contacts

Address
BEIJING
Beijing
No. 16, Jinrong Avenue, Xicheng District
Contacts
+861063633333.0
www.e-chinalife.com