February 27, 2017 8:47 AM ET

Insurance

Company Overview of New China Life Insurance Company Ltd.

Company Overview

New China Life Insurance Company Limited provides life insurance products and services to individuals and institutions in the People’s Republic of China. It operates through three segments: Individual Insurance Business, Group Insurance Business, and Other Business. The company also offers insurance agency, asset management, training, investment management, management consulting, electronic commerce, and health management services. In addition, it is involved in the real estate property development, investment, and management activities; and technological development and project investment activities. New China Life Insurance Company Limited was founded in 1996 and is based in Beijing, the P...

New China Insurance Tower

No. Jia 12 Jianguomenwai Street

Chaoyang District

Beijing,  100022

China

Founded in 1996

52,474 Employees

Phone:

86 10 8521 0000

Fax:

86 10 8521 0101

Key Executives for New China Life Insurance Company Ltd.

Chairman of the Board and Chief Executive Officer
Age: 58
Total Annual Compensation: CNY5.2M
Compensation as of Fiscal Year 2015.

New China Life Insurance Company Ltd. Key Developments

New China Life Insurance Co., Ltd. Provides Preliminary Unaudited Earnings Guidance for the Period 1 January 2016 to 31 December 2016

New China Life Insurance Co. Ltd. provided preliminary unaudited earnings guidance for the period 1 January 2016 to 31 December 2016. The company estimated that the net profit attributable to the shareholders of the company for the year 2016 may decrease by approximately 45% as compared to the same period in 2015. The estimated decrease in the 2016 annual results of the Company is primarily attributable to the significant decrease in investment income of 2016 as compared to the same period of last year and the impact of the change of discount rate assumption of reserves of traditional insurance contracts.

New China Life Insurance Co., Ltd. Presents at UBS Greater China Conference 2017, Jan-09-2017

New China Life Insurance Co., Ltd. Presents at UBS Greater China Conference 2017, Jan-09-2017 . Venue: China Hall, 3/F, Grand Tower, Shangri-La Shanghai Pudong, Shanghai 738, China.

New China Life Insurance Co., Ltd Announces Executive Changes

The board of directors of New China Life Insurance Company Ltd. announced that Mr. GONG Xingfeng ("Mr. GONG") has been appointed as company secretary, and he will discharge the responsibility of company secretary jointly with Ms. MOK Ming Wai ("Ms. MOK"), the other existing company secretary. Mr. GONG has been acting as chief actuary of the Company since September 2010. Mr. Gong was appointed as vice president and Board secretary of the Company at the sixth meeting of the sixth session of the Board held on 28 October 2016. The qualification of Mr. GONG as Board secretary is subject to the approval of China Insurance Regulatory Committee (the "CIRC"). Mr. GONG is currently in charge of the actuary department and the Board office. Since joining the company in January 1999, Mr. GONG served as assistant to president from February 2013 to October 2016. Ms. MOK is a director of KCS Hong Kong Limited. She has over 20 years of professional and in-house experience in the company secretarial field and has been a joint company secretary of the Company since 2011. She is a senior fellow member of the Hong Kong Institute of Chartered Secretaries and the Institute of Chartered Secretaries and Administrators in the United Kingdom. Mr. ZHU Ying ("Mr. ZHU"), the previous company secretary of the Company, ceases to serve as the company secretary and will continue to serve as the assistant to president, chief risk officer (compliance principal) and audit principal of the company. The Board would like to express its gratitude to Mr. ZHU for his contribution to the company during his tenure as the company secretary.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 28, 2016
New China Home Senior Care Service (Beijing) Co., Ltd.
Private Placement
October 28, 2016
New China Pension Insurance Co., Ltd.
Private Placement
October 28, 2016
New China Century E-commerce Co., Ltd.
 

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