Stocks News
- China Life to take more equity stakes
Date: 29-Nov-2007 Sources: (Shenzhen Daily)
CHINA Life Insurance Co., the world's largest life insurer by market value, would boost its investments in fixed income and take more equity stakes, president Wan Feng said yesterday.
'China Life will continue to focus on fixed-income products to ensure the stability of our investments,'' said Wan. 'We'll also make equity investments more prominent in our portfolio and pursue new investment channels.'' Foreign exchange-related losses at China Life were less than 3 percent of total assets, Wan said.
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