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Global 500

Andy Wong—AP/REX/Shutterstock Andy Wong/AP/REX/Shutterstock

42

China Life Insurance

China

Stocks traded on the Hong Kong exchange may have had a topsy-turvy year; but its listed companies haven’t exactly been shy about making eye-catching moves. China Life Insurance is no exception. The firm, second to Ping An Insurance in the country in terms of market value, saw its net profit rise to nearly $5.1 billion in 2017, or a nearly 70% year-over-year rise. Last August, the company announced a $1 billion private equity fund, in conjunction with Chinese Internet giant Baidu, centering on tech investments.

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CEO

Yang Mingsheng

Sector

Financials

Industry

Insurance: Life, Health (stock)

HQ Location

Beijing

Years on Global 500 List

16

Employees

170,517

Government owned 50% or more.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$120,22414.7%
Profits ($M)$266.564.1%
Assets ($M)$552,761
Total Stockholder Equity ($M)$14,817
Profit Ratios
Profit as % of Revenues0.2%
Profits as % of Assets-
Profits as % of Stockholder Equity1.8%