Lifelong Promise ‧ Lifelong Partner
Message from Chairman
China Life Insurance (Overseas) Company Limited, a wholly owned subsidiary of China Life Insurance (Group) Company which is the largest state-owned financial insurance corporation in China, is the strategic headquarter for overseas business development of the parent company. The parent company has been taking firm strides to develop modern insurance services and realize the “China Life Dream” of becoming a premier international financial insurance group. And with strong support from the parent company, China Life Insurance (Overseas) Company Limited has already built business networks in Hong Kong, Macau, Singapore and Indonesia. In order to set a strong foothold in those markets and establish more presences globally in the long run, China Life Insurance (Overseas) Company Limited develops constantly by means of transition, innovation and integration. The primary focus of the Company is the enhancement of profits and creation of value through organic growth as well as mergers and acquisitions. In addition, the Company puts equal emphasis on business development and investment management. The Company is not only the international business platform of the parent company but also a training center for the management team. With talented professionals, advanced technology, strong management, stable growth and excellent performance, the Company aims at becoming an industry leader in Hong Kong, Macau, Singapore and Indonesia.
Wu Shaohua
Vice President, China Life Insurance (Group) CompanyChairman, China Life Insurance (Overseas) Company Limited
Company Profile
China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”) is a wholly-owned subsidiary of China Life Insurance (Group) Company, China’s largest state-owned financial insurance corporation.For 20 consecutive years, China Life, the parent company, has joined the ranks of Fortune Global 500 companies, and ranked 40 in 2022, with a brand value exceeding RMB 452.539 billion1.
Hong Kong branch
1984
China Life Trustees Limited
1995
Indonesia subsidiary
2018
Macau branch
1989
Singapore subsidiary
2015
Overseas market
Now
40
Fortune Global 500
Companies Ranked in 2022
$452.539 billion
China Life Insurance (Group)
Brand Value1 (RMB)
$49.2 billion
Total Premium Income in 2022 (HKD)
$463.1 billion
Total Asset Value2 (HKD)
A1
Financial Strength
Rating by Moody's 3
A
Financial Strength
Rating by Standard & Poor's 4
1 Source： "Top 500 Most Valuable Chinese Brands" 2022 by World Brand Lab
2As of 31 December, 2022
3As of 27 October 2022, Moody’s has assigned an "A1" insurance financial strength rating to China Life Insurance (Overseas) Company
4As of 20 December 2022, Standard & Poor's has assigned an "A" long-term local currency issuer credit rating and insurer financial strength rating to China Life Insurance (Overseas) Company Limited
Management Team
Liu Yuejin
Principal-in-Charge
Jiang Tao
Vice President
Han Mei
Chairman of the Board of Supervisors
Hu Qun
Vice President of China Life (Overseas) and General Manager of the Company’s Hong Kong Branch
Kang Le
Senior Management
Corporate Culture
Corporate Mission
Prudent Operation,Trustworthy Service,
People-oriented Principle,
Harmonious Development,
Active Progression, Innovative Approach.
Corporate Vision
Lifelong Promise • Lifelong Partner
Development Objective
We will strive to become the premier insurance leader in Hong Kong, Macau, Singapore and Indonesia, distinguished by talented professionals, advanced technology, articulate team management, stable business growth, effective results, and recognizable brand name in the industry.
Development Direction
Continue to solidify our position in Hong Kong and Macau markets by operating with pragmatism and precision. Expand into non-life insurance industry timely via merger and acquisition when good opportunities arise. Set up Singapore and Indonesia branch, and develop South East Asian markets. Actively consolidate our capabilities to go public according to unified deployment of parent company.
Strategic Position
We leverage on the excellent resources of China Life Insurance (Group) Company to establish a strong foothold in Hong Kong, Macau, Singapore and Indonesia with global perspective. Our primary focus is in the enhancement of profits and creation of values for the company through organic growth, merger, and acquisition. In addition, we emphasize equally in business development and investment management. We are undoubtedly the platform and window for China Life to develop its global business, and a training ground for our business management team.
Shareholder
China Life Insurance (Group) Company is a large state-owned financial insurance enterprise. In 2022, its consolidated revenues exceeded a trillion dollars, and its consolidated assets surpassed RMB6 trillion.
China Life has been listed among “The Fortune Global 500” for 20 consecutive years, ranking 40 in 2022, a drastic increase compared with 290 in 2003. It has been included on the “World’s 500 Most Influential Brands” list for 16 consecutive years, with a brand value standing at RMB452.539 billion in 2022. After the listing in overseas in December 2003, China Life Insurance Company Limited returned to China A share market in January 2007.
China Life’s predecessor, 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. 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.
Upholding the corporate culture which centers on the concept of “Success for You, Success by You”, China Life adheres to the overall principle of making steady progress and pursuing high-quality development. Through advancing the coordinated and balanced growth in business value and scale, increasing the contribution from investment business, as well as strengthening the banking and financial services, it aims to implement integrated operations, technology innovation and international expansion, so as to build itself into a world-class financial insurance group.
Information Disclosure
Only Chinese version is available
Awards and Recognition
We are proud to gain widespread recognition and won numerous industry accolades
