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China Life Insurance Co Ltd
China Life Insurance Company Limited (China Life) is a public company engaged in the insurance business in China and listed on the New York Stock Exchange (NYSE) under the ticker symbol "LFC." It is the largest life insurance company in China based on assets, and it provides a range of insurance and financial services, including life insurance, health insurance, accident insurance, pension plans, and asset management services.
China Life's American Depositary Shares (ADSs) have been listed on the NYSE since December 2003. Each ADS represents five ordinary shares of the company. The company is headquartered in Beijing, China.
China Life's business operations are organized into two main segments: life insurance and asset management. The life insurance segment consists of individual life insurance, group life insurance, and health insurance. The asset management segment includes the company's investment activities and fund management business.
China Life is one of the largest financial institutions in China and is a member of the Fortune Global 500 list. The company has a strong financial position, with a high solvency ratio and a robust investment portfolio. As of 2021, China Life had total assets of over RMB 20 trillion (approximately USD 3 trillion) and over 800 million individual customers.
Investing in China Life or any other publicly traded company involves risks, including potential losses due to market, industry, and company-specific factors. Potential investors should carefully review the company's financial statements and other public filings with the U.S. Securities and Exchange Commission before making an investment decision.