Bank of America Securities: China Life (02628.HK) outperformed the industry in the first three quarters of total investment return rate, raising the target price to 29.3 Hong Kong dollars.

According to the "Securities Times" app, Bank of America Securities released a research report stating that China Life Insurance's net profit for the first three quarters reached 167.8 billion RMB, a year-on-year increase of 61% on a high basis, far exceeding market expectations. The bank reiterated its "buy" rating on China Life's H shares, raising the target price from HK$25.7 to HK$29.3.