China Life Insurance Surges on Record H1 Results, Ramps Up Tech Investments

China Life’s revenue surges as top insurer ramps up investment in AI, chips and biotech

China Life Insurance, the country’s largest life insurer, has posted record highs in its first-half results, and says it will scale up investments in technology-related sectors while seeking to become a long-term partner for innovative enterprises. The Shanghai- and Hong Kong-listed insurer recorded revenue of 434.3 billion yuan (US$64.6 billion), up 81.5 per cent year on year, according to interim results released on Thursday. Net profit surged more than 228 per cent to 134.5 billion yuan. T...

By Zhu Wenqian