On August 21, CHINA LIFE rose 3.9% in regular trading, trading at HK$27.58/share, with turnover of HK$306 million.

On the news front, the company previously issued a positive profit alert, projecting H1 net profit attributable to shareholders to surge 215%-235% year-on-year to RMB 128.9 billion-137.1 billion, marking its strongest-ever interim performance. The company is scheduled to disclose its interim results on August 27, followed by an online results briefing on August 28 where President Li Mingguang and other senior executives will attend. Citi previously reiterated its Buy rating and raised the target price to HK$36.2, forecasting H1 new business value growth of 32% year-on-year. The bank also lifted its FY2026 EPS estimate by 19% to reflect higher investment return expectations.

The broader insurance sector strengthened on the day, with China Taiping up 2.75%, AIA up 1.86%, and Ping An up 2.03%. Analysts note that listed insurers benefited from significantly improved investment returns driven by better capital market performance in Q2, with sector valuations still near historical lows offering adequate margin of safety.

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