China Life Insurance seeks structural investments this year
By Hu Yuanyuan | chinadaily.com.cn | Updated: 2018-03-23 17:27
China Life Insurance Co Ltd, one of the country’s largest life insurers, will seek structural investment opportunities this year, betting on quality stocks with huge growth potential and a steady long-term investment return, the company’s top management said on Friday.
"We believe there are still structural opportunities in the A-shares market this year, and the valuation remains at a comparatively low level," said Zhao Lijun, vice-president of China Life. "Meanwhile, the company also will seek opportunities in the alternative investment market."
On Thursday China Life Insurance Co Ltd reported a 69 percent surge in 2017 net profit on strong investment returns from stock markets.
The insurer’s net profit rose to 32.25 billion yuan ($5.09 billion) last year from 19.13 billion yuan a year earlier. And its net investment return reached 4.91 percent last year, up from 4.66 percent in 2016.
"But the investment in the fixed-income category will still be the majority, and we will invest heavily in treasury bonds and financial debts," Zhao added.
