Article: CHINA LIFE INSURANCE WILL INVITE FOREIGN CAPITAL

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China Life Insurance Will Invite Foreign Capital

CHINA, Jun 26, 2002 (AsiaPort via COMTEX) -- China Life Insurance Company expressed lately that they was seeking for a foreign company which was large in scale, influential and complementary with China Life Insurance Company to cooperate with.

The insiders unveiled that the decision to invite foreign capital has been already set by the high ranking officials of the company, and the proportion of participating share of foreign capital would reach the upper-limit of 25. Currently, the company was negotiating with many foreign financial institutions, including Citibank U.S., and Lehman Brothers' Group.

Up to now, the ...

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