China Life Advances to Widen Premium on Profit Forecast
This article is for subscribers only.
China Life Insurance Co., the nation’s largest insurer, climbed the most in two weeks after saying first-half profit may rise by more than 50 percent from a year earlier.
American depositary receipts of China Life advanced 2.8 percent to $36.53 as trading closed in New York, the biggest rally since July 11. The ADRs traded 2.4 percent above its shares in Hong Kong, the highest premium in three months. Each ADR equals 15 underlying shares in the Beijing-based company.