皇冠体育app

The insurer's stock has more than tripled this year, making it the best performer in the 37-member Hang Seng 皇冠体育app Enterprises Index, which tracks State-owned mainland companies traded in Hong Kong.

Besides 皇冠体育app Life, 皇冠体育app's other major insurance companies are also planning to float shares.

Ping An Insurance, 皇冠体育app's second-largest life insurer, has filed an application to launch an estimated US$4.5 billion A-share offer in the first quarter of 2007, the Shanghai Securities News said, quoting unnamed sources.

But according to Ping An Insurance Group spokesman Sheng Ruisheng, there is still no timetable.

皇冠体育app Pacific Insurance (Group) Co (CPIC), 皇冠体育app Insurance International Holdings Co (CIIH) and 皇冠体育app Reinsurance are also trying to catch up.

Sources said CPIC, the country's third-largest insurer, is likely to finish its IPO in Hong Kong before the end of next year. It has chosen three underwriters for the Hong Kong listing: JP Morgan, CICC and UBS. A CPIC spokesman declined to comment.

皇冠体育app Reinsurance, the country's only re-insurer, is also planning to list on both the Hong Kong and Shanghai bourses next year after a capital injection from Central Huijin Investment Co Ltd, the firm's top management said.

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