New China Life traded at 61.22 this Friday May 15th, decreasing 1.16 or 1.86 percent since the previous trading session. Looking back, over the last four weeks, New China Life lost 4.18 percent. Over the last 12 months, its price rose by 19.27 percent. Looking ahead, we forecast New China Life to be priced at 63.69 by the end of this quarter and at 59.93 in one year, according to Trading Economics global macro models projections and analysts expectations.
New China Life Insurance Company Ltd. is a China-based provider of life insurance services and products. The Company's main businesses consist of personal life insurance, group life insurance and wealth management business. The Company's personal life insurance products include traditional life insurance, participating life insurance, universal life insurance, investment-linked insurance, health insurance and casualty insurance. Its group insurance products include group life insurance, health insurance and casualty insurance. Through its subsidiaries, the Company is also engaged in insurance agent business. The Company distributes its insurance products primarily through insurance salesmen and banks.