Awarded one of the Most Honored
Companies
HONG KONG, Aug. 3, 2020
/PRNewswire/ -- China Life Insurance Company Limited ("China Life"
or the "Company") (SSE: 601628; SEHK: 2628; NYSE: LFC) is
pleased to announce that the Company has won seven awards from
Institutional Investor's "2020 All-Asia Executive Team"
rankings, including one of the "Most Honored Companies", among
1,472 nominees.
Since 2019, China Life has launched the "Dingxin Project" aimed
at promoting market-orientated reform and comprehensively pushed
forward the strategic goal of "China Life Revitalization";
transforming the Company's operations and significantly improving
its fundamentals. Since new management has taken the helm, the
Company has increased its channels of communication with domestic
and overseas investors to establish an open, transparent and
healthy corporate image within the capital market. These awards are
testament to the capital market's high recognition for the
Company's investor relations work.
Asia's Most Honored
Companies Rankings
This year marks the third consecutive year in which China Life
has been recognized as one of Asia's Most Honored Companies. The Company
also ranked top three in all six categories for the insurance
sector: Best CEO ranked #2, Best CFO ranked #2, Best IR
Professionals ranked #1, Best IR Team ranked #1, Best IR Program
ranked #2 and Best ESG ranked #3.
This is the first time that China Life has been recognized in
all seven categories since its listing. Among which, China Life
surpassed many well-known domestic and overseas insurance companies
to take first place in both the "Best IR Program" and "Best IR
Team" categories for the first time.
Founded in New York in 1967,
Institutional Investor magazine quickly became an
indispensable monthly source of news and analysis for Wall Street
investors, and is the world's leading international
business-to-business publisher, focusing primarily on international
finance. Its parent company, Euromoney Institutional Investors, is
listed on the London Stock Exchange and is a member of the FTSE
250.
Institutional Investor magazine is recognized as the
leading provider of independent, qualitative feedback, for all
three sides of the investment community. It conducts selection for
enterprises in the Asia-Pacific
region every year. The rankings are widely recognized by
international sell-side analysts and buy-side investors.
The 2020 All-Asia Executive Team rankings reflect the opinions
of 1,921 portfolio managers and buy-side analysts, and 611
sell-side analysts. This year, a total of 1,472 companies across 18
different sectors were nominated, among which 26 were from the
insurance sector, creating fierce competition.
Unlike other awards, this ranking, which is entirely based on
votes from recognized financial professionals, is a highly
authoritative and trusted ranking for overseas capital markets.
Companies were evaluated on 9 performance attributes: (1)
accessibility of senior executives; (2) execution of strategy; (3)
IR Team is well informed and empowered; (4) productivity of
NDR/conferences/calls; (5) responsiveness; (6) business &
market knowledge; (7) consistency & granularity; (8) ESG
information; and (9) Timeliness.
"China Life Revitalization" progressing steadily: Investor
relations improvements highly recognized by the capital
market
China Life was listed in New
York and Hong Kong in 2003
and returned to the Chinese A-share market in 2007. With over a
decade's worth of experience being listed in three markets, China
Life has been able to forge a professional, efficient and compliant
IR team.
At present, the average age of the Company's IR team is 35 years
old, with experience in investor relations ranging from 3-15 years.
The team members come from diverse backgrounds, but all possess a
sound understanding of the capital markets as well as profound
knowledge of the insurance industry, while maintaining an
international perspective.
With the launch of a series of reforms in 2019, came a new top
priority for the Company's IR team: helping the capital market
truly understand and recognize the positive changes in China Life.
Since new management has taken the helm, the IR team hosted a
Company Open Day (the first in four years), providing access to the
Company's senior management and setting a record for number of
attendees, while garnering an immense amount of attention from the
capital market and the media. At the same time, the frequency of
meetings with investors has been greatly increased, offering
investors in-depth communication opportunities with Company
management or relevant personnel, while the engagement and
accessibility of the Company has been continuously enhanced.
In addition, the Company has also actively responded to the
demands of the market. For the first time, the Company held a first
quarter results conference call, adding to continued improvement of
disclosure and transparency, while broadening the channels of
communication between the capital market and the Company.
In 2020, COVID-19 has brought new challenges to every facet of
life, including investor relations. The Company's IR team rose to
the challenge, and adapted to the difficult circumstances to ensure
that the 2019 annual results briefing was held as scheduled, while
innovatively completing a global virtual roadshow. Similarly, to
allay the disruptions caused by the pandemic on face-to-face
meetings with investors, China Life adapted its internal video
conference system to be compatible with external platforms such as
Tencent Conference, Zoom and WELINK,
to ensure that communication with the capital market went
unhindered. In the first half of the year, the number of meetings
held with investors or analysts reached an all-time high.
In the future, China Life will continue to promote the strategic
goal of "China Life Revitalization", strive to improve
fundamentals, strengthen and further innovate investor relations
management, and pledge itself to creating long-term value for its
shareholders.
CONTACT
Isaac Yau
+852 3103 0112
isaac.yau@citigatedewerogerson.com