China Life Back Participating Organisations List>
China Life Insurance (Group) Company is a large state-owned financial insurance enterprise. In 2017, its consolidated operating income reached RMB817 billion, a steady increase at a high level. Specifically, consolidated premiums stood at RMB643.8 billion, And its total consolidated assets reached RMB3.6 trillion（Unaudited）.
China Life has been listed among “The Fortune Global 500” for 15 consecutive years, ranking 51st in 2017, a drastic increase compared with 290th in 2003. It has been included on the “World’s 500 Most Influential Brands” list for 10 consecutive years, with a brand value standing at RMB287.156 billion. After the dual-listing in New York and Hong Kong in December 2003, China Life Insurance Company Limited returned to China A share market in January 2007. It is the first insurance company triple-listed in New York, Hong Kong and Shanghai.
The predecessor of China Life Insurance (Group) Company, PICC was founded in 1949. And the PICC (Life) Co., Ltd was set up in 1996 after its separation from the former PICC. In 1999, it was renamed China Life Insurance Company. With the approval of the State Council and the China Insurance Regulatory Commission, the former China Life Insurance Company was restructured as China Life Insurance (Group) Company, which exclusively initiated the establishment of China Life Insurance Company Limited. Currently, the Group has China Life Insurance Company Limited, China Life Asset Management Company Limited, China Life Property & Casualty Insurance Company Limited, China Life Pension Company Limited, China Life Ecommerce Company Limited, China Life Insurance (Overseas) Company Limited, China Life Investment Holding Company Limited and Insurance Professional College as its subsidiaries. In 2016, China Life became the largest single shareholder of China Guangfa Bank, thus initiating a synergy layout among its insurance, investment, and banking businesses.
China Life has successfully built a corporate culture which centers on the concept of “Success for You, Success by You”. It will push forward the “innovation-driven, comprehensive and world-leading” development strategy, enhance its development drive, and expand its business presence, in a bid to serve the country’s overall strategy. It will also accelerate its transformation, and upgrade its quality and efficiency, so as to build itself into a world-leading financial insurance group.
