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CHINA LIFE: Div. Declaration, Solvency Combined to Boost Return Lv.; ROI Assumption Reduced to Cope with Rate Cuts
Li Mingguang, President of CHINA LIFE (02628.HK), said in a press conference that 2024 dividend grew 51% YoY, and returned to a higher level recently since 2020 amid a more complic...
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CHINA LIFE: Div. Declaration, Solvency Combined to Boost Return Lv.; ROI Assumption Reduced to Cope with Rate Cuts
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Li Mingguang, President of CHINA LIFE (02628.HK)  +0.160 (+1.183%)    Short selling $119.22M; Ratio 16.149%   , said in a press conference that 2024 dividend grew 51% YoY, and returned to a higher level recently since 2020 amid a more complicated external environment. CHINA LIFE's 2024 dividend payout ratio fell 9.2 ppts YoY to 17%.

One of the aspect of the dividend payout ratio in the future is to strive to combine the external dividend declaration with the Company's solvency and risk-control capabilities, gradually improving its return level, Li added.

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The decline in interest rates had a negative impact on the VONB, Hou Jin, Chief Actuary of CHINA LIFE, said. In response to the objective reality of a declining pivot in market interest rates, the Company has adjusted its economic assumptions accordingly, notably by reducing the ROI assumption used in the VONB valuation by 50 bps to 4% from 4.5% in 2024.

The Company's current risk discount rate assumptions are relatively robust and prudent in comparison to the market.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-17 16:25.)

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