Not to be confused with China Life Insurance Company.
New China Life Insurance Co., Ltd.
Company type
State-owned enterprise; Public
Traded as
SSE: 601336 (A share)
SEHK: 1336 (H share)
Industry
Financial services
Founded
September 1996 (1996-09)
Headquarters
NCI Tower,
Beijing
,
China
Services
Life insurance
Revenue
CN¥157.918 billion (2015)
Net income
CN¥8.601 billion (2015)
Total assets
CN¥660.560 billion (2015)
Total equity
CN¥57.835 billion (2015)
Owner
Central Huijin (32.25%)
Baosteel Group (15.11%)
Swiss Re (4.90%)
Fosun International (3.28%)
others (44.46%)
Parent
State Council of China
Website
newchinalife.com
Footnotes / references in a consolidated basis[1]
New China Life Insurance Co., Ltd.
Simplified Chinese
新华人寿保险股份有限公司
Traditional Chinese
新華人壽保險股份有限公司
Transcriptions
Standard Mandarin
Hanyu Pinyin
Xīnhuá rénshòu bǎoxiǎn gǔfèn yǒuxiàn gōngsī
New China Insurance Group
Simplified Chinese
新华保险集团
Traditional Chinese
新華保險集團
Transcriptions
New China Life Insurance Co., Ltd. also known as New China Insurance (NCI) or Xinhua Baoxian Jituan (Chinese: 新华保险集团) is a Chinese life insurance company based in Beijing. The Chinese government owns more than half of the shares of the company via sovereign fund Central Huijin, via state-owned enterprise Baosteel Group and a financial service company China Securities Finance.
The company is a constituent of the CSI 300 Index, FTSE China A50 Index and Hang Seng China Enterprises Index, and is a former constituent of the SSE 50 Index (blue chip of Shanghai Stock Exchange).[citation needed]
The company was ranked 427th in 2016 Fortune Global 500 and 297th in 2016 Forbes Global 2000.
^"2015 Annual Report" (PDF). New China Life Insurance. Hong Kong Stock Exchange. 21 April 2016. Retrieved 7 January 2017.
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Global Information
CN¥157.918 billion (2015)