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.
Wang KaiVice President, China Life Insurance (Group) Company
Chairman, China Life Insurance (Overseas) Company Limited
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 18 consecutive years, China Life, the parent company, has joined the ranks of Fortune Global 500 companies, and ranked 45 in 2020, with a brand value exceeding RMB 415.861 billion1.
Hong Kong branch
China Life Trustees Limited
Fortune Global 500
Companies Ranked in 2020
China Life Insurance (Group)
Brand Value1 (RMB)
Total Premium Income in 2019 (HKD)
Total Asset Value2 (HKD)
Rating by Moody's 3
Rating by Standard & Poor's 4
1 Source： ‘Top 500 Most Valuable Chinese Brands’ 2020 by World Brand Lab
2As of 31 December, 2019
3As of 26 September 2019, Moody’s has assigned an “A1” insurance financial strength rating to China Life Insurance (Overseas) Company Limited
4As of 29 December 2019, 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
Chairman of the Board of Supervisors
Lam Man Ching
Prudent Operation,Trustworthy Service,
Active Progression, Innovative Approach.
Lifelong Promise • Lifelong Partner
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.
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.
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.
China Life Insurance (Group) Company is a large state-owned financial insurance enterprise. In 2019, its consolidated revenues reached RMB906.7 billion. Its consolidated premium income stood at RMB697.7 billion. And its consolidated assets surpassed RMB4.5 trillion.
China Life has been listed among “The Fortune Global 500” for 18 consecutive years, ranking 45th in 2020, a drastic increase compared with 290th in 2003. It has been included on the “World’s 500 Most Influential Brands” list for 13 consecutive years, with a brand value standing at RMB 353.987 billion in 2019. 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.
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.
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-class” 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-class financial insurance group.
Awards and Recognition
We are proud to gain widespread recognition and won numerous industry accolades