CHINA LIFE EYES BOC, ICBC SHARES
AsiaInfo Services, May, 2006
AsiaInfo Services 05-12-2006 China Life Eyes BOC, ICBC Shares BEIJING, May 12, 2006 (SinoCast via COMTEX) -- China Life Insurance Company Limited, the country's largest life insurer, has taken the Bank of China and the Industrial and Commercial Bank of China as its major targets for foreign capital investment, expressed the vice general manager Liu Jiade of China Life. In 2005, China Life got a special approval from the industry watchdog to subscribe USD 250 million worth of shares of China Construction Bank at its listing on the Stock Exchange of Hong Kong. And recently, sources said that China Life's investment in CCB shares has reached USD 350 million this February, when its book profit has climbed to CNY 1.7 billion. Now, for the country's other two Big-Four...
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