China Life Insurance : SUMMARY OF SOLVENCY QUARTERLY REPORT (SECOND QUARTER OF 2019) (PDF)

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中國人壽保險股份有限公司

CHINA LIFE INSURANCE COMPANY LIMITED

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2628)

SUMMARY OF SOLVENCY QUARTERLY REPORT OF

INSURANCE COMPANY NOTE

(SECOND QUARTER OF 2019)

1. BASIC INFORMATION

1. Basic Information of the Company

Name of the Company in Chinese:	中國人壽保險股份有限公司
Name of the Company in English:	China Life Insurance Company Limited
Legal Representative:	Wang Bin
Registered Address:	16 Financial Street, Xicheng District, Beijing, P.R. China
Business Scope:	Life, health, accident and other types of personal insurance
	businesses; reinsurance of the personal insurance
	businesses; funds management business permitted by
	national laws and regulations or approved by the State
	Council; personal insurance services, consulting and
	agency businesses; sale of securities investment funds;
	other businesses approved by the national insurance
	regulatory departments.
Business Area:	the People's Republic of China, for the purpose of this
	report, excluding the Hong Kong Special Administrative
	Region, Macau Special Administrative Region and Taiwan
	region (the "PRC")

Notes: 1. This summary of solvency quarterly report is prepared in accordance with the "Regulatory Rules of Solvency of Insurance Companies (No. 1-17)" issued by the former China Insurance Regulatory Commission (the "Former CIRC").

2. According to the "Plan for Institutional Reform of the State Council" voted and passed at the first meeting of the 13th National People's Congress of the PRC, the China Banking and Insurance Regulatory Commission (the "CBIRC") has been formed through the consolidation of the duties and responsibilities of both the China Banking Regulatory Commission and the China Insurance Regulatory Commission, and such two commissions will no longer exist. The CBIRC has officially been put into operation since April 8, 2018.

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1. Shareholding Structure, Shareholders and Their Changes
2. 1. Shareholding Structure

Unit: Ten thousand shares or RMB ten thousand

			Changes in the number of shares or shareholding percentage
	At the beginning of the period		during the period		At the end of the period
				Capital reserve
			Capital	transfer or			Shares or
	Shares or capital		injection by	distribution of	Equity		capital	Percentage
Category	contribution	Percentage (%)	shareholders	dividend	transfer	Sub-total	contribution	(%)
RMB ordinary shares	2,082,353	73.67	-	-	-	-	2,082,353	73.67
Overseas listed foreign
shares	744,118	26.33	-	-	-	-	744,118	26.33
Total	2,826,471	100.00	-	-	-	-	2,826,471	100.00

Note: Currently, there is no feature in the shareholders' information enquiry platform that can track down the type of shareholders according to the classification of "state-owned shares, corporate legal shares, foreign invested shares and natural person shares". As such, the above information is presented by the Company based on the shareholding structure as disclosed in its annual report.

1. Effective Controller
   The effective controller of the Company is the Ministry of Finance of the PRC. The equity and controlling relationship between the Company and its effective controller is set out below:

Ministry of Finance of the PRC

100%

China Life Insurance (Group) Company

68.37%

China Life Insurance Company Limited

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1. Top Ten Shareholders (in the descending order of their shareholding percentage in the Company as at the end of the period)

Unit: Ten thousand shares or RMB ten thousand

		Changes in the	Number of shares
		number of shares	held by the
		held by the	shareholder or the
		shareholder or the	amount of capital	Shareholding
		amount of capital	contribution as	percentage as
		contribution during	at the end	at the end	Number of shares
Name of shareholder	Type of shares	the period	of the period	of the period	pledged or frozen
China Life Insurance (Group) Company	State-owned shares	0	1,932,353	68.37%	0
HKSCC Nominees Limited	Foreign shares	125	732,164	25.90%	0
China Securities Finance Corporation Limited	State-owned shares	0	72,394	2.56%	0
Central Huijin Asset Management Limited	State-owned shares	0	11,972	0.42%	0
Hong Kong Securities Clearing Company	Foreign shares	-215	4,257	0.15%	0
Limited
China International Television Corporation	State-owned shares	-78	1,767	0.06%	0
China Universal Asset Management Co., Ltd -	Other	0	1,502	0.05%	0
Industrial and Commercial Bank of China
Limited - China Universal - Tianfu
Bull No. 53 Asset Management Plan
Industrial and Commercial Bank of	Other	11	1,450	0.05%	0
China Limited - SSE 50 Exchange
Traded Index Securities Investment Fund
China National Nuclear Corporation	State-owned shares	0	1,240	0.04%	0
Li Zhuo	Natural person shares	0	871	0.03%	0
Total	-	-157	2,759,970	97.65%	0

Note:	1. The figures shown in the columns of "Changes in the number of shares held by the shareholder
	or the amount of capital contribution during the period" and "Number of shares held by the
	shareholder or the amount of capital contribution as at the end of the period" in this table refer
	to number of shares held (Unit: Ten thousand shares).

2. Due to the impact of the difference derived from rounding, there is a difference between the total number of "Shareholding percentage as at the end of the period" and the sum of the shareholding percentage of the top ten shareholders.

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Details of shareholders	1. HKSCC Nominees Limited is a company that holds
	shares on behalf of the clients of the Hong Kong
	stock brokers and other participants of the CCASS
	system. Since the relevant regulations of The Stock
	Exchange of Hong Kong Limited do not require
	such persons to declare whether their shareholdings
	are pledged or frozen, HKSCC Nominees Limited
	is unable to calculate or provide the number of
	shares that are pledged or frozen.

1. 2. China Universal Asset Management Co., Ltd - Industrial and Commercial Bank of China Limited

   • China Universal - Tianfu Bull No.53 Asset Management Plan has Industrial and Commercial Bank of China Limited as its asset trustee . Industrial and Commercial Bank of China Limited
   • SSE 50 Exchange Traded Index Securities Investment Fund has Industrial and Commercial Bank of China Limited as their fund depositary. Save as above, the Company was not aware of any connected relationship and concerted parties as defined by the "Measures for the Administration of the Takeover of Listed Companies" among the top ten shareholders of the Company.
2. Subsidiaries, Joint Ventures and Associated Corporations

Unit: Ten thousand shares or RMB ten thousand

			Number of shares held or cost	Shareholding percentage
			At the			At the
		Type of	beginning of	At the end of	Change in	beginning of	At the end of	Change in
	Company name	company	the period	the period	amount	the period	the period	percentage
1	China Life (Suzhou) Pension and	Subsidiary	178,600	178,600	0	100.00%	100.00%	0.00%
	Retirement Investment Company
	Limited
2	China Life Pension Company	Subsidiary	240,518	240,518	0	70.74%	70.74%	0.00%
	Limited
3	China Life Asset Management	Subsidiary	240,000	240,000	0	60.00%	60.00%	0.00%
	Company Limited

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			Number of shares held or cost	Shareholding percentage
			At the			At the
		Type of	beginning of	At the end of	Change in	beginning of	At the end of	Change in
	Company name	company	the period	the period	amount	the period	the period	percentage
4	Shanghai Rui Chong Investment Co.,	Subsidiary	680,000	680,000	0	100.00%	100.00%	0.00%
	Limited
5	Golden Phoenix Tree Limited	Subsidiary	12	12	0	100.00%	100.00%	0.00%
6	New Aldgate Limited	Subsidiary	116,813	116,813	0	100.00%	100.00%	0.00%
7	CL Hotel Investor, L.P.	Subsidiary	0	0	0	100.00%	100.00%	0.00%
8	Glorious Fortune Forever Limited	Subsidiary	0	0	0	100.00%	100.00%	0.00%
9	Fortune Bamboo Limited	Subsidiary	243,488	243,488	0	100.00%	100.00%	0.00%
10	Golden Bamboo Limited	Subsidiary	199,288	199,288	0	100.00%	100.00%	0.00%
11	Sunny Bamboo Limited	Subsidiary	187,565	187,565	0	100.00%	100.00%	0.00%
12	China Life (Beijing) Health	Subsidiary	173,000	173,000	0	100.00%	100.00%	0.00%
	Management Company Limited
13	Ningbo Meishan Bonded Port Area	Subsidiary	315,000	315,000	0	99.997%	99.997%	0.00%
	Guo Yang Guo Sheng Investment
	Partnership (Limited Partnership)
14	Ningbo Meishan Bonded Port Area	Subsidiary	168,000	168,000	0	99.98%	99.98%	0.00%
	Bai Ning Investment Partnership
	(Limited Partnership)
15	Shanghai Yuan Shu Yuan Jiu	Subsidiary	60,600	60,600	0	99.98%	99.98%	0.00%
	Investment Management
	Partnership (Limited Partnership)
16	Shanghai Yuan Shu Yuan Pin	Subsidiary	60,600	60,600	0	99.98%	99.98%	0.00%
	Investment Management
	Partnership (Limited Partnership)
17	Shanghai Wansheng Industry	Subsidiary	400,000	400,000	0	99.98%	99.98%	0.00%
	Partnership (Limited Partnership)
18	Wuhu Yuanxiang Tianyi Investment	Subsidiary	53,256	53,256	0	99.98%	99.98%	0.00%
	Management Partnership (Limited
	Partnership)

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