China Life (2628) Stock Price, Fundamentals & Analysis

What 2628 does

China Life (2628) is a life insurance stock listed on the Hong Kong Stock Exchange. It operates through Life Insurance, Health Insurance, Accident Insurance, and Other Businesses segments, offering life, annuity, health, and accident insurance products to individuals and groups. Founded in 1949 and based in Beijing, China, it operates as a subsidiary of China Life Insurance (Group) Company. As a large-cap Financial Services name, it sits alongside peers such as Ping An Insurance (2318) and AIA Group Limited (1299).

Key numbers explained

• Price: 28.58 HKD — the most recent trading price on the Hong Kong Stock Exchange.
• Trailing P/E ratio: 2.8 — the current share price divided by the last 12 months' earnings per share; a lower figure can suggest the stock is priced cheaply relative to recent earnings.
• Forward P/E ratio: 5 — the price divided by expected future earnings; it reflects what the market is pricing in for growth.
• Dividend yield: 3.94% — the annual dividend as a percentage of the current price, indicating the cash return shareholders receive.
• Beta: 0.88 — a measure of volatility relative to the market; below 1 means the stock tends to move less than the broader market.
• Return on equity: 41.3% — how efficiently the company generates profit from shareholders' equity.
• Debt-to-equity ratio: 38.5% — the proportion of debt used to finance the company relative to equity, showing a conservative capital structure.
• Price-to-book: 1.04 — the price compared to the company's book value per share, close to parity.

What to watch

• The Hang Seng index direction, as large-cap financials often move with the broader Hong Kong market.
• Interest rate environment and policy changes in China, which affect insurance pricing, reserves, and investment returns.
• The upcoming earnings report on Oct 29, 2026, which may shift sentiment based on profit and growth outlook.
• The ex-dividend date of Oct 8, 2026, relevant for investors seeking the next dividend payment.
• Peer comparisons with companies like China Merchants Bank (3968) and Industrial and Commercial Bank of China (1398) for sector context.