China Life Insurance (02628) has been approved to issue capital replenishment bonds of up to 35 billion yuan.

China Life Insurance (02628) announced that the company recently received approval from the China Banking and Insurance Regulatory Commission to issue 10-year redeemable capital supplementary bonds in the national interbank bond market, with a total issuance size not exceeding RMB 35 billion (including RMB 35 billion). In addition, the company has also received an administrative licensing decision from the People's Bank of China to issue capital supplementary bonds in the national interbank bond market.