Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
China Life net profit up 29.22% in H1
Adjust font size:

China Life Insurance Company Limited, the country's largest life insurer, posted a first-half net profit of 13.92 billion yuan (US$2.04 billion), up 29.22 percent year on year.

The figures were compiled according to the Accounting Standards for Business Enterprises for domestic companies on the Chinese mainland.

China Life said premium revenue was 172.82 billion yuan (US$25.30 billion) in the first half, down 5.08 percent, according to a filing with the Shanghai Stock Exchange posted on Tuesday.

The rise of net profit could be attributed to a booming stock market that boosted China Life's returns on investments, according to the filing.

China Life's investment returns topped 32.19 billion yuan and the investment returns rate was 3.27 percent, up 0.94 percentage points from the same period last year.

China Life's total assets topped 1.10 trillion yuan, up 11.34 percent from the end of last year.

Following Hong Kong Financial Reporting Standards, China Life reported 18.2 billion yuan of net profit in the first half, up 15.2 percent year on year.

(Xinhua News Agency August 26, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- China Life Pension in Shanghai
- China Life's income totals 186.5 bln yuan in H1
- For a real start to China life, begin to see 2 as 8
- China Life net profit up 55.07% in Q1
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?