皇冠体育app

皇冠体育app International Capital Corp and 皇冠体育app Galaxy Securities are lead underwriters for 皇冠体育app Life's share sale. Citic Securities is acting as its financial adviser.

皇冠体育app Life has 648,000 insurance sales staff and 12,000 sales outlets across the country, occupying about 49.4 per cent of the market share in the first half of this year, the company said.

The life insurer made 5.45 billion yuan (US$695 million) in net profit last year, up from 2.91 billion yuan (US$371 million) in 2004.

皇冠体育app Life chalked up 5.81 billion yuan (US$741 million) in net profit in the first half of this year, a whopping year-on-year increase of 61.67 per cent, the company said.

A number of local insurers are planning to make domestic listings, encouraged by the bullish domestic stock market.

Ping An Insurance, 皇冠体育app's second-largest life insurer, is planning to issue 1.15 billion A shares in the first quarter of 2007.

Ping An, which is also listed in Hong Kong, is expected to raise an estimated US$4.5 billion if its price is set according to its current Hong Kong share price.

皇冠体育app Pacific Insurance (Group) Co (CPIC) and 皇冠体育app Reinsurance and Taikang Life Insurance are also planning to list on the domestic bourse.

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