China Life Insurance Class A (601628) heads into Monday with 200 billion yuan bond plan in focus
China Life Insurance Co Ltd’s Shanghai-listed Class A shares head into the week amid speculation over a possible government move. The question on investors’ minds: will China use special government bonds to shore up capital for its largest state insurers? Bloomberg News says the plan could unlock about 200 billion yuan, targeting state-backed firms like China Life, People’s Insurance Company Group of China, and China Taiping Insurance Group. Neither China Life nor the National Financial Regulatory Administration responded to requests for comment, and Reuters has yet to confirm the report.
