China Life Property & Casualty Insurance Company Limited announced that it will receive CNY 9,000,000,000 on January 20, 2022. The transaction will include participation from returning investors China Life Insurance Company Limited for CNY 3,600,000,000 and China Life Insurance (Group) Company for CNY 5,400,000,000 and will continue to hold 40% and 60% stake respectively. On closing, the registered capital of the company will increase from CNY 18,800,000,000 to CNY 27,800,000,000.

The transaction has been approved in the 7th meeting of the China Life Insurance Company Limited's 7th directorate and does not need shareholders approval.