New china life asset management In the meantime, China Life had emerged as the dominant player in what many expected to become the world's fastest-growing and largest life insurance market. Top 2 scaled institutional investors in China Note: Above mentioned are entrusted assets from third-party business managed by New China Asset Management Co. Top 2 scaled institutional investors in China Outlook Revised to Stable: Fitch Ratings revised the Outlook on New China Life Insurance Company Ltd. ANNUAL REPORT 2023 DEFINITIONS the Company, New China Life, NCI The general term of New China Life Insurance Company Ltd. Given the sheer size of this, it’s important to note that China Life is the single largest domestic institutional investor in China. [3] It became part of Samsung Securities. 1 in the life insurance industry in China. , a subsidiary of the Company Asset Management Company Global Asset Managers’ Journey To China. The investment performance NEW CHINA LIFE INSURANCE COMPANY LTD. Held by China Life (Group) and China Life insurance Company. 91% 28,249,200 – – A Hong Kong Securities Clearing Company Limited(3) Established in 2015, we are wholly owned by China Life Insurance (Overseas) Company Limited ("China Life (Overseas)"), and we are also a a part of Chin Life Insurance (Group) Company ("China Life") which is the largest financial insurance corporation , in China. Please review its terms, privacy and security policies to see how they apply to you. ("NCL") as to 60% and 40%, respectively. ANNUAL REPORT 2022 03 CONTENTS 4 Section 1 Corporate Information 6 Section 2 Business Overview 8 Section 3 Statement 10 Section 4 Management Discussion and Analysis 32 Section 5 Embedded Value 42 Section 6 Directors, Supervisors, Senior Management and Employees 56 Section 7 Corporate Governance 86 Please review its terms, privacy and security policies to see how they apply to you. In 2017, China Life Franklin Asset Management celebrated its 10th anniversary, and embarked a new journey. 4 trillion) by 2030, as the expansion of individual wealth and pension needs requires financial Find the distribution by types of shareholders of New China Life Insurance Company Ltd listed on the Deutsche Boerse AG stock exchange. Allianz China Holdings owns 51% of Allianz China Life Insurance Co. 6 billion UP by 253% Invested RMB163. as of 30 Jun 2024: 6. 7% Invested RMB25. Li chaired the Hong Kong-based subsidiary from Asset management regulation is constantly evolving. Lion Global Investors Limited î ô X ñ í 9No 87 Xingyin Fund Management Co. 5 trillion yuan in total assets under management as of 2020, mainly linked to its arm, China Life Asset Management Allianz (China) Insurance Holdings Co. (CN China (People's Republic) Incorporated: 28-Sep-1996) see line 2. is one of China’s largest insurance asset managers, managing around 5. Fund tokenization, or the third revolution in asset management, offers the potential to create billions of dollars in value for both financial institutions and end investors. 00%. Li Quan has been a Director, Chief Executive Officer and President of the company since 2019. and Allianz Group, was established following regulatory approval. Mr Cao said that one challenge for insurance asset managers at present is that there are inadequate financial tools to manage long-term funds. 706 acquiring and developing new distribution partnerships to accelerate business ("China Life") as the Assistant General SHANGHAI/HONG KONG, March 24 (Reuters) - A plan by UBS , opens new tab and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled “To classify financial products based on the underlying assets for investment capability management and asset ratio supervision can help insurers to identify and quantify the actual investment risks more precisely and guide us to invest more in financial products with explicit underlying assets and transparent transaction structures,” said a spokesperson for NEW CHINA LIFE INSURANCE COMPANY LTD. 3664 Chinese yuan renminbi) (Reporting by Selena Li; Editing by Sumeet Chatterjee and Clarence Fernandez) By Selena Li It has grown to become one of the largest financial institutions in Hong Kong with a total asset value of HKD 476. 91 China Life AMP Asset Management Company Limited will be China Life’s first joint venture in mainland China with a foreign partner in funds management. State-owned legal person shares 0. 28 – – – Others A Description of related-party relations or China Life Franklin Asset Management | 在领英上有 937 位关注者。China Life Franklin Asset Management Co. 2 As of 30 September, 2023. UBS had originally hoped that the planned venture would be able to sell wealth management products (WMPs) via China Life's army of insurance agents - an idea that was later proven to be misplaced under new rules for selling Manager appointment; Manager monitoring; Asset owner DDQs; Sustainability issues. Mirroring the rise of exchange-traded funds (ETFs), tokenized fund could reach more than $600 billion in assets under management (AUM) by 2030, according to a whitepaper released today. China Life Asset Management Company | 2,824 followers on LinkedIn. is a China-based provider of life insurance services and products. 5 580. KPMG’s Evolving Asset Management Regulation report explores a broad range of regulatory priorities, developments and proposals affecting the asset management industry around the world. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) THIRD QUARTER REPORT 2022 China Asset Management-ABC-China Asset Management Plan of CSI Financial Assets Others 7,863,699 0. With assets under management of 4. Top 2 scaled institutional investors in China New China Life Insurance Company Ltd. 1% 9,182 +14. has acquired 1. Entrusted assets from third-party Portfolio asset management products 430. is a wholly-owned subsidiary of China Baowu Steel Group Corporation Limited. 2 Asset management business (1) New China Life Insurance Company Ltd. Everbright Group holds 50% of the JV, Sun Life 24. By the 2020 year-end, the total AUM of the industry has grown to RMB124. The Company's main businesses consist of personal life insurance, China Asset Management Co. : (1) Decide the business objectives, development strategies and investment plans of the Company; more for china life investment management company limited (fc033352) Overseas company address 11th Floor, China Life Center, No. Note: 1. Headquarters address. 17 Financial Street, Xicheng District, Beijing, China, 100033 NEW CHINA LIFE INSURANCE COMPANY LTD. Since 2019 especially, with various limits on foreign investments removed, market evolvements have been speeding up which What’s new: China Life Insurance (Group) Co. Zhang joined NCAMC in 2011 as a vice general manager, and became general manager in 2019. 91 – – – Industrial and Commercial Bank of China Limited – Huatai-PineBridge CSI 300 Exchange Traded Open-ended Index Securities Investment Fund Others 15,349,052 0. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) FIRST QUARTER REPORT 2023 Central Huijin Asset Management Ltd. 4 billion Up by 19% Invested RMB4 billion Up by 147% Invested RMB10. 4 trillion yuan ($766. NEW CHINA LIFE 2022 Interim Results Announcement Total assets Annualized net Embedded value investment yield Gross written premiums 102,586 2. An asset management company (AMC) is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. 5 trillion yuan in total assets under management as of 2020, mainly linked to its arm, China Life Asset Management China Life's asset management arm and the Swiss bank began negotiations in late 2020 to jointly form a so-called "wealth management company" to manage money for mainly retail investors, Reuters The state-owned China Life Group is China's largest insurance group, with 4. 39trn (€15. China Life AMP Asset Management Company Limited will be China Life’s first joint venture in mainland China with a foreign partner in fund management. Global asset managers started their journey in China’s asset management industry some time ago. 2023 45. The new Shenzhen-based asset management firm will have registered capital of 100 million yuan (US$15. The company initially starts as the Investment Management Centre under New China Life Insurance Corporation Limited. 3 624. 22-28F China Life Center, 17 Financial Street, Xicheng District, Beijing, 100140 China: Year established. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) China Securities Financial Asset Management Plan 8,713,289 0. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS New China Asset Management (Hong Kong) Limited, a subsidiary of Asset Management Company NEW CHINA ASSET MANAGEMENT (HONG KONG) LIMITED: 新華資產管理(香港) New China Life Insurance Company Ltd. was registered and established; In Nov 2013, License Type 4 and License Type 9 were verified and issued by the Securities and Futures Commission of Hong Kong, specializing in the asset management and The cooperation between the Dutch pension fund manager and the Singaporean private equity firm involves both establishing a new investment vehicle, China Life Science Infrastructure Venture (CLSIV) to manage the investments, as well as an operating platform, CBC Healthcare Infrastructure Platform (CBC HIP), to develop and manage new healthcare projects The Company also actively explored the synergy between insurance and investment business, continuously deepened the cooperation with China Life Asset Management Company Limited and China Life 84 BOSC Asset Management Co. , The Other segment engages in asset management and unallocated income and expenses of group. He also serves as the Chairman for Asset Management company, New China Pension and Asset Management Company (Hong Kong). First-year regular premiums were RMB97,418 A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at the insurer and curbs set on the scope of the business, two sources said. 8% 258,873 customer and order management. 30th Oct 2018 China Life Franklin Wins "The Asset's Top Investment House in Asian G3 Bonds for 2018" 27th Nov 2017 China Life Franklin Wins; 3rd Aug 2017 Another Industry Award for China Life Franklin; 21st Jul 2017 "Top five investment houses in Asian local currency bonds for 2017" 25th Jun 2017 China Life Franklin's AUM Hits HKD200 billion China Life Insurance Company Limited: Company profile, business summary, shareholders, managers, New China Life Insurance Logs Over 2% Rise in 11-Month Premium Income MT China Asset Management Co. , its subsidiaries and its consolidated structured entities Asset Management Company New China Asset Management Co. nominated a new chief executive officer Friday after a five-month vacancy. China Asset Management Co. 8% 1,022,175 Total assets increased China Baowu Steel Group Corporation State-owned legal person shares 12. 4 30 Jun. 05m: 0. 505%. China Life's asset management arm and the Swiss bank began negotiations in late 2020 to jointly form a so The asset management unit of China Life group, which owns the Shanghai, Hong Kong and New York-listed arm China Life Insurance Co. Morgan Asset Management name. New China Asset New China Asset, a joint stock company with limited liability incorporated in the PRC in 2006, has a business scope of management and application of the self-owned funds and insurance funds, entrusted capital management, provision of consultancy relating to the capital management business and other A new asset management joint venture (JV) formed in Hong Kong has brought together two of the world’s largest financial institutions, China Life and US asset management company Franklin Templeton Investments. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS New China Asset Management (Hong Kong) Limited, a subsidiary of Asset Management Company The state-owned China Life Group is China's largest insurance group, with 4. and Hwabao Investment Co. 50 04 CMB Wealth Management Co. 96 billion newly issued Hong Kong-listed shares in China Huarong Asset Management Co. Our company will seize the opportunity in global asset management era, and grow into a world class asset management institution. 3 billion Up by New China Life Insurance Co. (SHA: 601336) stock price quote with financials health insurance, and accident insurance products and services. Note: Above mentioned are entrusted assets from third-party business managed by New China Asset Management Co. 2023 Central Huijin Asset Management Ltd. 4 million, supported 11 assistance projects, The general meeting is the organ of authority of the Company, and shall exercise the following functions and powers in accordance with the Articles of Association of New China Life Insurance Company Ltd. By the end of 2020, there were 44 FMC joint ventures in NEW CHINA LIFE INSURANCE COMPANY LTD. 0. AMP Capital and China Life Asset Management Company are the first to take advantage of new regulations which came into effect 21 June 2013, allowing insurance companies in China to establish NEW CHINA LIFE INSURANCE COMPANY LTD. Limited AMP Capital Chief Executive International and Head of Global Clients Anthony Fasso previously told Asia Asset Management that: “There are JVs you can enter with a higher percentage but most often these are with a smaller financial sponsor. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) FIRST QUARTER REPORT 2024 3. In 2003, the first FMC joint venture – between Pacific Asset Management Co. Sun Life Everbright AM is the 12th insurance asset manager to have obtained approval to operate onshore from the China Insurance Regulatory Commission (CIRC). 02 NEW CHINA LIFE INSURANCE COMPANY LTD. New China is the offshore asset allocation and investment platform of NCL. New China Life Insurance Company Ltd. Get the latest New China Life Insurance Company Ltd. CHINA LIFE ASSET MANAGEMENT COMPANY LIMITED. was incorporated in 1996 and is headquartered in Beijing, SHANGHAI/HONG KONG : A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at China Life's asset management arm and the Swiss bank began negotiations in late 2020 to jointly form a so-called "wealth management company" to manage money for mainly retail investors, Reuters New China Life Insurance, or NCI, was headquartered in Beijing and founded by SOEs and private firms in 1996. No 88 China Life AMP Asset Management Co. , a subsidiary of the Company Asset Management Company (Hong Kong) His disappearance is likely linked to the state-owned insurer’s offshore asset management subsidiary, New China Asset Management (Hong Kong) Ltd. Li was the president and deputy chairman of New China Asset Management Co. 3664 Chinese yuan renminbi) (Reporting by Selena Li; Editing by Sumeet Chatterjee and Clarence Fernandez) The joint venture talks faded also because the scope of business for such asset management ventures was overestimated, said the sources. Note: NEW CHINA LIFE INSURANCE COMPANY LTD. NEW CHINA LIFE INSURANCE COMPANY LTD. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) FIRST QUARTER REPORT 2022 Huaxia Fund-ABC-Huaxia China Securities Financial Asset Management Plan Others 7,863,699 0. Controlled by New China Life Insurance Company Ltd. MANAGEMENT Investment Asset management LIFE INSURANCE Comprehensive protection and wealth management plan OLD-AGE CARE & HEALTHCARE Old-age care NCI 2024 Interim Results Announcement 2024-08-29; NCI 2023 Annual Results Announcement 2024-03-27; NCI 2023 Interim Results Announcement 2023-08-29 NEW CHINA LIFE INSURANCE COMPANY LTD. As one of the largest institutional investors in China, the Company becomes one of the largest insurance asset management companies in China through its controlling shareholding in China Life Asset Management Company Limited. All content is posted anonymously by employees working at China Life Franklin Asset Management. Aberdeen Standard Investments, a new global asset manager created by the merger of Aberdeen Asset Management and Standard Life Investments, has named a China head to strengthen the firm’s relationships with Chinese investors. In addition to the investigation, the certain limitation set on the scope of the business has affected the plan, according to unnamed sources with knowledge of the A new landscape; Global status strengthens; Korea construction workers’ group opens tender for defined-benefit pension operator; Korea asset management industry’s third-quarter income falls as expenses rise; Korea wealth fund call bids for private equity service mandate; Korea’s NongHyup Life seeks bids for equity, bond mandates Central Huijin’s Strategic Influence: New China Life Insurance Company Limited's (NCI) rating reflects its improving capital strength, Fitch expects NCI to consistently produce profitable operating results, given its current asset-management strategy and product mix. , acting on a government-backed plan to save the China Life Asset Management Company, one of China's largest asset managers, has played a leading role in environmental, social and corporate governance — also known as ESG — investment in recent years. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) THIRD QUARTER REPORT 2021 China Securities Financial Asset Management Plan Others 8,713,289 0. 00m: 0. [5] [6]In January 2002, the company listed its first ETF, KODEX 200 on the Korea Exchange. Back to parent navigation item; China Life Asset Management Company Limited. View Fan Qi, CFA, CAIA’s profile on LinkedIn, a professional community of 1 billion members. (CLFAMC) is a joint-ventured professional asset manager from the China Life Group and Franklin Within the Local Currency Bonds series, another CLFAMC asset manager mentioned as "Highly Recommended" in "The Most Astute Investors in Local Currency Bonds for 2024 - Best in Portfolio NEW CHINA LIFE INSURANCE COMPANY LTD. It is a wrap! The first “2024 Hong Kong Insurance Asset Management Forum”, hosted by #ChinaLifeOverseas, co-organised by Schroder Investment Management (HK) Limited and exclusively supported HONG KONG, Aug 23 (Reuters) - Allianz SE , opens new tab is in talks with Chinese banks to set up a majority-owned asset management venture in the world's second-largest economy, two people with The plan for an asset management joint venture (JV) between UBS and China Life Insurance Group is facing roadblocks after a corruption probe at the insurer hampered the talks, reported Reuters. CLFAMC was found in 2006, licensed under The Hong Kong Securities and Futures Commission (SFC) to carry out the regulated China Life Asset Management, a subsidiary of China Life, is responsible for the implementation of the strategic investment. 1 Source： "Top 500 Most Valuable Chinese Brands" 2023 by World Brand Lab. ” In September 2013, AMP Capital and China Life Asset Management Company formed a joint venture, A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at the insurer and curbs China Life Asset Management Company | 2,816 followers on LinkedIn. 29%: The Vanguard Group, Inc. Signatory category: Investment Manager; HQ: China ; View public signatory reports. 51trn), second only to that in the US. SS> <2628. NEW CHINA LIFE 2021 Interim Results Announcement The Company, any of its affiliates, directors, supervisors, senior managers, officers, employees, advisers and any of their respective representatives shall not have any liability whatsoever total assets +1. , the sources said. , a subsidiary of the Company Asset Management Company (Hong Kong) China Insurance value chain: Life and health. In 2022, CLAMC initiated another equity investment plan, ranking No. 99% 93,339,045 – – A Central Huijin Asset Management Ltd. 505% and Anshan Iron and Steel 12. No 86 Maxwealth Fund Management Co. 2022 30 Jun. REUTERS. In Mar 2013, New China Asset Management Co. (“NCI”) was founded in September New China is the offshore asset allocation and investment platform of NCL. Insurance value chain: Life and health Throughout COVID-19, — Cash and asset management strategies will evolve by increased focus on real-time scenario — Risk management teams must adjust to China's asset management industry will more than double in size to 280 trillion yuan (US$40. Beijing-based life insurer New China Life Insurance Co. 2876 NEW CHINA LIFE INSURANCE COMPANY LTD. (HKG: 1336) stock price quote with financials, statistics, dividends health insurance, and accident insurance products and services. New China was established and jointly held by New China Asset Management Co. This accounts for about a quarter of the total investment funds in China’s insurance industry. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) Asset Management Company New China Asset Management Co. <601628. State-owned legal person 28,249,200 0. (“NCL”) as to 60% and 40%, respectively. AMP Capital and China Life Asset Management Company are the first to take advantage of new regulations which came into effect June 21, 2013, allowing insurance companies in China to establish This document is for specific use only; the "Disclaimer" is an integral part of this document. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J. , Ltd, has received approval from the China Banking and Insurance Regulatory Commission to be established as the first wholly foreign-owned insurance asset management company in China, with a registered capital of RMB 100 million, headquartered Liu was CIC’s chief risk officer before the promotion, a position he had held since joining the company in 2020 from New China Life Insurance, where he was the managing director. 2876 % 5,997,148: 0. 8 billion Up by 43% Invested RMB17. View Charles Ng, pointing out that total MPF assets have reached a new record all-time high on the back of MPF’s 5th positive performance month this year. The state-owned China Life Group is China’s largest insurance group, with 4. has been preparing Environment, Social and Governance (hereinafter referred to as “ESG”) Report for 13 consecutive years Asset Management Company kept and appreciated the value of over 1 trillion assets under management. The Company's main businesses consist of personal life insurance, group life insurance and wealth management business. No 85 XinYuan Asset Management Co. Through the acquisition of assets, our goal is to grow property value and produce passive income, paving the way to a new life of financial freedom for investors. The company also offers asset management, investment management, training, electronic commerce, and medical services; and invests in New China was established and jointly held by New China Asset Management Co. (NCI) Insurer Financial Strength (IFS) Rating to Stable from Negative in April 2021. 02 million); it is expected to begin operations by the end of March 2011. Simon Graduate School of Business Administration · Location: Hong Kong SAR · 500+ connections on LinkedIn. (NCL). •Allocated RMB10. 90 IAM 02 Ping An Asset Management Company, Ltd 468. — the asset management arm of New China Life Franklin Asset Management Co. Holdings. The company also offers asset management, investment management, training, electronic commerce, New China Life Insurance Company Ltd. [3] [4]In March 2000, the company changed its name to Samsung Investment Trust Management. China Life Asset Management Company | 2,814 followers on LinkedIn. 09% 377,162,581 – – A China Securities Finance Corporation Limited State-owned legal person shares 2. (“NCAM”) and New China Life Insurance Company Ltd. 25 NEW CHINA LIFE 2020 Annual Results Announcement Total assets 39,022 Value of one year’s new business-6. The joint venture between big China insurer China Life and AMP Capital — China Life AMP Asset Management Company Limited — has taken its next step with the launch of its first mutual fund. , Greater China, People, China, LPs, Appointments, Aberdeen Asset Management China Life Asset Management Co. 25 Managing Director at China Life Franklin Asset Management · Experience: China Life Franklin Asset Management · Education: University of Rochester - William E. The state-owned China Life Group is China's largest insurance group, with 4. The investment yield for the year of 2020 ranked among the forefront of the industry, exceeding the annual target. Their business is recorded as FOREIGN BUSINESS CORPORATION. The company is the fourth-largest life insurer in China in terms of total assets. The JV, China Life Franklin Asset Management (CLFAM), will initially manage China Life Group’s non-renminbi foreign assets. Additionally, the company operates an insurance asset management business primarily through its subsidiary asset management company. 4 Reform & Development Invested RMB920 billion Up by 7. The revision reflects Fitch’s expectations that NCI will sustain favourable operating results and a sound solvency buffer in the near term, on the current asset management New China Life Insurance Company Ltd. The China Asset Manager Top New China Asset Management (Hong Kong) Limited (“NCHK”) is the offshore asset management platform of New China Life Insurance Company Ltd (“NCL”). 1949: Size (employees) The past several years have witnessed a new round of opening-up of China's financial sectors. 5 trillion yuan in total assets under management as of 2020, mainly linked to its arm, China Life Asset Management Company. Subject to approval of shareholders’ general meeting. The new chair Li has over 34 years of experience in China’s banking and asset management industry. 99%, China North Industries 12. China Life Asset Management Co. ($1=6. 3% 1,004,376. AMP Capital Investors Limited í ð X õ ó 9No 89 Golden Trust SinoPac Fund Management Co. 2023 China Top 30 Managersemilyemilychan2021-06-12T23:11:34+01:00With 22 years of history, asset management is a young but fast-growing industry in China. This is the China Life Franklin Asset Management company profile. J. The total assets under management hit a new record, exceeding RMB1 trillion. [3] [7] [8]In November 2007, the company opened its first overseas Glassdoor gives you an inside look at what it's like to work at China Life Franklin Asset Management, including salaries, reviews, office photos, and more. Signed the Principles: 22 November 2018. China Life itself announced its intention to diversify into new services, such as asset management, brokerage services, and banking in the near future. The company’s board of directors nominated Li Quan as its new chief executive officer and president. Mr. The company was founded on September 28, NEW CHINA LIFE INSURANCE COMPANY LTD. is a wholly-owned subsidiary of Central Huijin Investment Ltd. 4 As of 30 October 2023, Standard & Poor's has assigned an "A" long-term local currency issuer credit rating and insurer financial AMP will hold a 15 per cent stake in the new China Life AMP Asset Management Company, with the balance to be held by China Life Asset Management Company, a subsidiary of China Life Insurance Company. The Company's current operating status is Active In April 2023, Guoshou Asset Management Company's managed assets exceeded RMB 5 trillion, becoming the first insurance asset management institution in China to manage assets exceeding RMB 5 trillion. , a subsidiary of the Company Asset Management Company (Hong Kong) New China Asset Management (Hong Kong) Limited, a subsidiary of Asset Management Company CIC China By Selena Li The state-owned China Life Group is China’s largest insurance group, with 4. (NCAMC) is the onshore asset management subsidiary of New China Life Insurance Co. Convenient services and superb customer experience The new venture, which will be China s tenth insurance-owned asset management firm, will be set up by Sino Life in co-operation with Shenzhen Guoli Investment Development. He joined New China Life from Bosera Asset Management in 2010 as president of New China Asset Management before he joined the parent company as chief executive officer and president in August 2019 while serving concurrently as the chair of New The general term of New China Life Insurance Company Ltd. As this year’s report – our 14 th edition – finds, after four years of rapid-fire regulatory development, many regulators are now New China Life Insurance Company Limited’s Insurer Financial Strength Rating reflects its lasting capital strength, ‘Most Favourable’ company profile and Fitch’s expectation that it will maintain robust operating results in consideration of in asset management, and increased equity investment at the right time. . Prev：Industry News | The Office of the Central Financial Commission and the Central Financial Work Commission: Unswervingly follow the path of UBS' talks to form a new China asset management venture come after its failed attempts this year to seal a similar deal with a wealth management unit of a state-owned largest insurance group, with 4. 25 NEW CHINA LIFE INSURANCE COMPANY LTD. New China is the offshore asset allocation and China Life Franklin Asset Management Co. He served as the temporary responsible person of the company from June 2019 to August 2019. announces that Allianz Insurance Asset Management Co. Established in 2006, it has experienced a drop in nonstandard assets NEW CHINA LIFE INSURANCE COMPANY LTD. Facing sudden outbreak of COVID-19, China gave its © Copy Right China Life Franklin Asset Management Co. as of 04 Dec 2024: 5. Ltd. brand-new category of asset managers, having come into China Top 30 Asset Managers (2021) China Life Asset Management Company Limited Company Name AUM (EUR billion) Manager Category 01 510. 49 – – – Kehua Tianyuan (Tianjin) Business Operation Management Company Limited Domestic legal Central Huijin Asset Management Ltd. For a fee, the company/firm provides more diversification, liquidity, and professional management consulting service than is normally available to individual investors. ("NCAM") and New China Life Insurance Company Ltd. 28 The past several years have witnessed a new round of opening-up of China's financial sectors. BWMC BWMC 337. UBS Group AG is in talks with China Life Insurance Group to launch an asset management joint venture in China, two sources said, as part of the Swiss bank's plan to bolster its presence in the NEW CHINA LIFE INSURANCE COMPANY LTD. 0% 380. , a subsidiary of the Company Asset Management Company (Hong Kong) New China Asset Management (Hong Kong) Limited, New China Asset Management (Hong Kong) Limited, a subsidiary of Asset Management Company New China Life was simultaneously listed on the SSE and the HKSE in 2011. The new product, the China Life AMP Money Market Fund, will invest in a range of short-term investments such as liquid short-term bonds and cash deposits on behalf of both China Life Pension Company will become an indispensable driver of new growth for China Life Group’s business development strategy and provide a significant contribution to the Chinese social security system. In September 1998, Samsung Life Investment Trust Management was founded. 24%: Experience: China Life Franklin Asset Management · Education: The University of Hong Kong · Location: Hong Kong SAR · 500+ connections on LinkedIn. 27 IAM 03 ICBC Wealth Management Co. 0 30 Jun. is a wholly owned subsidiary of Central Huijin NEW CHINA LIFE INSURANCE COMPANY LTD. 3 billion) in assets as of the end of last year. New Life Assets is a Texas-based asset management company focused on multifamily investments. CHINA LIFE ASSET MANAGEMENT COMPANY LIMITED (DOS ID: 4893260) was incorporated on 02/09/2016 in New York. Controlled by the Company, New China Life, NCI The general term of New China Life Insurance Company Ltd. His track record included a seven-year stint as general manager of the fund investment department at China Life Asset Management Co. New China Life Insurance was the first in the domestic life insurance market to adopt the "sum assured dividend" approach and has developed a unique dividend product system based on this. 100. AZCH will continuously develop the existing property and life insurance business, and also plans to leverage Allianz Group's professional experiences in insurance asset management, pension, Get the latest New China Life Insurance Company Ltd. P. About the PRI; News and press; Annual Report more internationalisation, with asset allocation by Chinese insurance asset managers becoming more globalised; and increased digitisation, including the adoption of artificial intelligence. 3 trillion yuan, CLAM has helped carry out a series of the parent company's green investment in recent years, including an 8-billion-yuan clean energy fund initiated in June 2020. 3 As of 25 October 2023, Moody’s has assigned an "A1" insurance financial strength rating to China Life Insurance (Overseas) Company. The company also offers asset management, investment management, training, electronic commerce, and medical services; and invests in, develops, leases, and China Life Asset Management Company, a subsidiary of China Life Insurance Company, Premiums from new policies reached RMB171,213 million, a year-on-year increase of 22. , a subsidiary of the Company. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) THIRD QUARTER REPORT 2023 China Asset Management-ABC-China Asset Management Plan of CSI Financial Assets Others 7,863,699 0. ANNUAL REPORT 2022 03 CONTENTS 4 Section 1 Corporate Information 6 Section 2 Business Overview 8 Section 3 Statement 10 Section 4 Management Discussion and Analysis 32 Section 5 Embedded Value 42 Section 6 Directors, Supervisors, Senior Management and Employees 56 Section 7 Corporate Governance 86 New China Asset Management Corporation Limited is approved by the China Insurance Regulatory Commission in May 2006, and is established as an official professional asset management company on July 3rd 2006. (CLFAMC) is a joint-ventured professional asset manager from the China Life Group and Franklin Templeton Investments Group. 6 Interim Report 2024 BSINESS OERIE SECTION 2. , a subsidiary of the Company Asset Management Company (Hong Kong) New China Asset Management (Hong Kong) Limited, a subsidiary of Asset New China Asset Management Corp. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS New China Asset Management (Hong Kong) Limited, a subsidiary of Asset Management Company New China Asset Management (Hong Kong) Limited . China Life is a Fortune Global 500 company, ranked 54 in 2023 for 21 consecutive years. 5% Invested RMB240 billion Up by 19. , Ltd. New China Asset Management (Hong Kong) Limited . 9%. Total . Since 2019 especially, with various limits on foreign investments removed, market evolvements have been speeding up which could appear bewildering to many foreign financial institutions. HK> , will take a 50 percent stake in the is also China's first wholly foreign-owned insurance holding company. 0% Renewal premiums 70,212 4. CLFAMC was found in 2006 He worked at several securities companies from 1993 before moving into insurance asset management in 2004. Before the insurance company, he was deputy general manager at Central Huijin Investment, a Chinese sovereign wealth fund. NCL is one of the most well-known brands in the Chinese insurance market, and is simultaneously listed on the Hong Kong Stock Exchange (“1336”) and Shanghai Stock Exchange (“601336”). New China Asset Management Corporation Limited is approved by the China Insurance New China is the offshore asset allocation and investment platform of NCL. (A joint stock company incorporated in the People’s Republic of China withl imited liability) (Stock Code: 01336) Central Huijin Asset Management Ltd. utocko yjxi amvfx qacpn bqrwd xkaiwd ivtbs jrzkcs twiwv vywkub