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ChinaLife ExecutiveBoard OrganizationHistory CultureAchievements HonorsDevelopmentStrategyClients CasesInvestment CooperationSocialResponsibility Welfare ExecutiveBoard Organization MembersoftheExecutiveBoardHeadquartersSubsidiaries Services MembersoftheExecutiveBoard Headquarters ChinaLifeInsurance Group Companyisresponsibleforissuesonthegroup level includingstrategicplanning capitalmanagement leadership brandvalueappreciation cultureconstruction riskcontrol supervisiononmanagement andcoordinationamongsubsidiaries Subsidiaries Services LifeInsuranceBusinessLifeinsuranceisthecorebusinessofChinaLifeInsurance Group Company hereinafterreferredtoastheGroupCompany Itssubsidiary ChinaLifeInsuranceCompanyLtd AssetManagementBusinessAssetManagementisanothercorebusinessoftheGroupCompany Itismanagedbyitssubsidiary ChinaLifeAssetManagementCompanyLtd hereafterreferredtoastheAssetCompany Property CasualtyInsuranceBusinessPropertyandcasualtyinsuranceisanewandcorebusinessoftheGroupCompanymanagedbyitssubsidiary ChinaLifeProperty CasualtyCompanyLtd hereinafterreferredtoasP CCompany PensionBusinessPensionbusinessisanothernewandcorebusinessoftheGroupCompanymanagedbyitssubsidiary ChinaLifePensionCompanyLtd hereinafterreferredtoasthePensionCompany ChinaLife ExecutiveBoard OrganizationHistory CultureAchievements HonorsDevelopmentStrategyClients CasesInvestment CooperationSocialResponsibility Welfare History Culture DevelopmentProcessCorporateLogo DevelopmentProcess AsoneoftheinsurancecompanieswiththelongesthistoryinChina ChinaLifehasalwaysbeentheexplorer pioneerandpacemakerofChina sinsuranceindustry 60yearsofunremittingeffortswitnessedtheexplorationofascientificdevelopmentroadwithChinaLife sowncharacteristics Itwasalsoaminiatureof60yearsdevelopmentandreformofinsurancebusinessinnewChina CorporateLogo ChinaLife sbrandvalued85 368billionRMByuanin2010 IthasbeenlistedforthreeconsecutiveyearsamongtheWorldBrand500 asurveyconductedbytheWorldBrandLaboratory SuchsuccesshasmadeChinaLifetheonlyChineseinsurancecompanyonbothofthe500lists ChinaLife ExecutiveBoard OrganizationHistory CultureAchievements HonorsDevelopmentStrategyClients CasesInvestment CooperationSocialResponsibility Welfare Achievements Honors In Asia sBestCompanies2009 organizedbyFinanceAsia ChinaLifewonthe BestCorporateGovernance and BestInvestorRelations awards ChinaLiferankedthe8thamongChinaTop500 ChinaLifehasbeenamongtheFortuneGlobal500forsevenconsecutiveyears achievinganincreaseof157placesinranks Itranked133in2008 IthasalsobeenlistedfortwoconsecutiveyearsamongtheWorldBrand500 asurveyconductedbytheWorldBrandLaboratoryandranked280 ChinaLifeistheonlyChineseinsurancecompanyonbothofthe500lists ChinaLife ExecutiveBoard OrganizationHistory CultureAchievements HonorsDevelopmentStrategyClients CasesInvestment CooperationSocialResponsibility Welfare DevelopmentStrategy ChinaLifeendeavorstoimplementaconglomerationstrategyof rationalresourceallocation clearcomprehensiveadvantages strongcorebusinesses appropriatelydiversifiedoperations highsocialrespectandpeeracknowledgement highimbeddedvalue strongcorecompetitivenessandforcefulandsustainablegrowth Strongcorebusinessesandappropriatelydiversifiedoperations aretoenhanceexistingadvantagesincorebusinesses andconsolidateourmarket leadingposition Basedonthis Chinalifewillenternewbusinessareassynergistictoexistingcorebusinesses Suchdevelopmentsynergywillbecoordinatedtosatisfyclients demandsforfinancialplanning Withcontinuousbusinessdevelopment ourcorebusinesseswillbeexpanded Thefirstphaseistolifeinsuranceandassetmanagement secondtoproperty casualtyinsuranceandcorporateannuitybusiness andthirdtosecuritiesandbanking ChinaLife ExecutiveBoard OrganizationHistory CultureAchievements HonorsDevelopmentStrategyClients CasesInvestment CooperationSocialResponsibility Welfare Clients Cases ChinaLifeisserioustofulfillitsinsurancecommitment From2003to2008 Chinalifepaidanaggregateclaimsettlementof64 6billionRMByuanandproceedsamountingto351 9billionRMByuan Today ChinaLifehasthelargestclientbaseintheworld with180millionin forceshort termpoliciesand160millionlong termpolicies providinginsurancecoveragetoover600millionpeople times ChinaLife ExecutiveBoard OrganizationHistory CultureAchievements HonorsDevelopmentStrategyClients CasesInvestment CooperationSocialResponsibility Welfare Investment Cooperation CapitalManagementStrategicCooperationForeignRelations CapitalManagement Asoneofthelargestdomesticinstitutionalinvestors ChinaLifehasplayedanactiveroleinutilizingtheinsurancecapitaltoservethedevelopmentofthenationaleconomy Ithaseffectivelyinvestedinaseriesofmajorprojectsandparticipatedinsomelarge scalecapitaloperations thusmakinggreatcontributionstonationaleconomicdevelopment financialinstitutionalreformandIPOsofstate ownedenterprises ChinaLifemadeequityinvestmentinSouthernGridandGuangdongDevelopmentBank participatedinthedirectionaladd issuanceplansofCITICSecuritiesandMinshengBankingCorporationLtd andsubscribedforsharesintheA shareandH shareIPOsofsuchkeystate ownedenterprisesandfinancialinstitutionsasBankofChina ChinaMerchantsBank IndustrialandCommercialBankofChina BankofCommunications ChinaCiticBank AirChina Dalian QinhuangdaoRailwayCompanyLimited ChinaCommunicationsConstructionCompanyLimited ChinaNationalCoalGroupCorporationandChinaNationalHeavyDutyTruckGroupCo Ltd ChinaLifeactivelyfacilitatedthefoundingofBohaiIndustrialInvestmentFundanditsfundmanagementcompany ChinaLifesupportedsomemajorinfrastructuredevelopmentprojectsthroughdebtinvestmentinTianjinInfrastructureInvestmentGroupandShanghaiMetro ChinaLifealsomadestrategicinvestmentinSouthernGridandGuangdongDevelopmentBank StrategicCooperation Basedonitsstrongfinancialstrengthandexcellentcorporateimage ChinaLifehasdrawngreatattentionandinterestfrombothlarge sizeddomesticandforeignenterprisesandlocalgovernmentsatvariouslevels Followingtheprincipleofmutualbenefitandwin winresults ChinaLifeprudentlyseizedmarketopportunitiesandactivelyandsteadilyestablishedstrategiccooperationwithlocalgovernmentsatvariouslevelsandwithsomewell knownenterprises ChinaLifesignedagreementsoncomprehensivestrategiccooperationwithsuchlocalgovernmentsasXinjiang Shenzhen Yunnan Guangdong Hainan ZhejiangandHenan ChinaLifealsoestablishedstrategiccooperativerelationswithGE MetallurgicCorporationofChinaLtd AgriculturalBankofChina ChinaMerchantsBank QinghuangdaoPortGroupCompanyLimitedandsoon EffectivestrategiccooperationwiththesepartnershasgreatlyenhancedtheCompany sstrength expandeditsdevelopmentspaceandoptimizeditsdevelopmentenvironment whichinturnhasplayedanactiveroleinpromotingthedevelopmentoflocaleconomyandservingthereconstructionandlistingofstate ownedenterprises ForeignRelations OnSeptember12 2008 WangJian memberofthePartyCommitteeoftheGroupCompanyandChairmanofthePensionCompany metwithMr CliffofACORDOnMarch18 2007 CuiLanqin VicePresidentofGroupCompanyhadaphototakenwithJayLight PresidentofHarvardBusinessSchool OnMarch26 2008 LiuJian VicePresidentoftheGroupCompanymetwiththeseniorexecutivesofMunichReGroupandtreatedthemtoabanquet ChinaLife ExecutiveBoard OrganizationHistory CultureAchievements HonorsDevelopmentStrategyClients CasesInvestment CooperationSocialResponsibility Welfare SocialResponsibility Welfare SocialResponsibilitySocialWelfare SocialResponsibility Whilecarryingoutascientificdevelopmentapproachtoachievebetterandfastergrowthofbusiness ChinaLifeintegrateseconomicreturnswithsocialbenefitsandfullyundertakesindustrialandsocialresponsibilityandtherefore contributestotheconstructionofaharmonioussociety Tofullyrealizetheinsurancefunction ChinaLifetakesanactivepartintheunderwritingofmajorinsurancecasesandconductstimelyclaimsettlement whichpromotestheeconomicdevelopmentandsocialharmony In2008 itpaidabenefitof94 898billionRMByuan ChinaLifeactivelyinvolvesintheconstructionofsocialistnewvillagesbyprovidinginsuranceserviceinthecountryside IttakestheinitiativetoparticipateinthepilotprojectofNewVillageCooperativeMedicalScheme whichrelievestheworriesoffarmersformedicaltreatmentandold agesupport Ithaswonfullrecognitionofthegovernmentandtheregulatorycommissionaswell Leveragingonitsmostextensivedistributionnetworkandalargescaleofsalesforce ChinaLifecontinuouslyexpandstheinsurancecoverageandhasmadegreatcontributionstotheimprovementofsocialsecurity Asaleadinginsuranceinstitutionalinvestorthatenjoyscapitaladvantage ChinaLifefullysupportsfinancialreformandSOErestructuringandlisting thuspromotingthesmoothdevelopmentofthecapitalmarketandtheconstructionofthenationaleconomy SocialWelfare ChinaLifepr
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