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China Life forms new $1.6 bln infrastructure investment firm

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HONG KONG, April 15 | Mon Apr 15, 2013 7:02am EDT

(Reuters) – China Life, the world’s biggest insurer by market value, has formed an infrastructure investment firm with a total capital of 10 billion yuan ($1.6 billion), the state-owned insurer said on Monday.

China Life will contribute half the capital, the company said in a statement to the Hong Kong stock exchange.

For details double-click: here ($1=6.1922 Chinese yuan) (Reporting by Denny Thomas; Editing by Greg Mahlich)

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Taken from Reuters: http://www.reuters.com/article/2013/04/15/chinalife-idUSH9N0CI02F20130415

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This entry was posted on April 15, 2013 by in News Articles and tagged , , , , , , , .
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