China Life Insurance A-shares (601628.SS) brace for Monday open after PMI slips below 50
China Life A-shares closed up 0.2% at 49.72 yuan in Shanghai on Friday. China’s official manufacturing PMI fell to 49.3 in January, signaling contraction, while non-manufacturing PMI dropped to 49.4, its lowest since December 2022. Investors await the Caixin PMI and monitor reports of possible government bond support for major insurers.
