China Life will be reduced further increase in the stock market sell-off in equities than the.

<P> Mr Liu said the long-term bullish equity finance, equity and infrastructure in large enterprises within the equity </ P> <P> earned in the stock market last year, pours the China Life Insurance (601628.SH, 2628.HK, the next .referred to as "the Life"), determined in this year's "green" landscape of the stock market Jiliuyongtui. .At yesterday's annual results briefing, Chief Investment Officer of Life Mr Liu said that this year will adjust the investment strategy to reduce the proportion of stock investment. .</ P> <P> shares by reducing debt </ P> <P> It http:// hearing, Vice President Liu Jiade in life that "shock" is the theme of this year's global financial markets. .Mr Liu said, according to the current market environment, this investment strategy will be adjusted in life, in high inflation, interest rates uplink situation, the increased debt investment, reduce equity exposure, while increasing strategic equity investment and infrastructure investment .. .Life published in the annual report last year, benefited from the A shares rose, according to Chinese accounting standards, to achieve a total investment return last year, 84.58 billion yuan (RMB), an increase of 79.82%. .Investment assets of 850.207 billion yuan, of which the financial assets available for sale 417.513 billion yuan. .Life in the last year in the asset allocation structure, the ratio of investment funds and stocks increase over 2006. .Life stock investments last year amounted to 125.349 billion yuan, accounting for 7.3% in 2006 jumped to 14.7%, the investment ratio approaching the ceiling on investment; fund investment 69.769 billion yuan, accounting for 8.2%, compared with growth of 1.6 percentage points in 2006; .the proportion of bank deposits fell 5.7 percentage points. .Faced with the sly deceitful cloud the stock market, Mr Liu said that to reduce the impact of stock market investment income, in life will reduce equity exposure. ."There are optimistic about our long-term asset class: Equity in the financial sector, infrastructure, large-scale enterprises within the field of equity, and equity. We believe that this year and next year such investment opportunities may be some more, the price will be better." Investment in fixed income .regard, Mr Liu said that this year there will be many opportunities to focus on higher-yielding bonds, corporate bonds and private corporate bonds, and debt investment plans and other varieties. .Life last year amounted to 443.181 billion yuan bonds, accounting for 52.1%, unchanged from 2006. .Mr Liu said that this year will increase the ratio of fixed-income asset classes, bonds and term deposits accounted for more than 70% will be maintained. .</ P> <P> cautious "exit" </ P> <P> under the shadow of the subprime crisis for the overseas market, China Life Chairman Yang Chao repeatedly "cautious" is to emphasize its investment principles. .China Life shares a few days ago to 300 million U.S. dollars VISA, its initial investment in the stock market in the United States. .Yang Chao said that in the closely track changes in global financial markets under the premise of the implementation of "two legs" walk the strategy of combining domestic and foreign markets, the length of combination of combination of financial investment and strategic investment. .According to reports, China Life was established in July last year, the Working Group on overseas investment, "Investment Committee" and "liability matching strategy of the Investment Committee", and frequently sent a work team to carry out investigation and research abroad. .Yang Chao said that in life we must first make domestic investment, although many organizations outside of the valuation is now very low, but risky investments, the key is to choose a good time. .Mr Liu believes that this year more overseas markets. .Yang Chao believes that foreign investment not only to consider the return on investment, but also consider whether the two partners interact, mutual benefit and reciprocity, and sharing of resources. ."The most important thing is customers." Mr Liu said that China Life through asset allocation adjustments, will maintain a relatively stable investment income. .Yesterday, in the Life A shares closed at 28.44 yuan, down 2.1%; H shares closed at 27.4 Hong Kong dollars, down 0.182%. .</ P> <P> further increase in the stock market sell-off in life? .</ P> <P> some market participants believe that Life announced a reduction in the proportion of equity investments, will further enhance the stock market sell-off and decline. .Orient Securities analyst Wang Xiaogang that the financial market reaction was overdone. ."Last year, the case of rising stock market, agencies are increasing the proportion of stock investment. In this year's stock market downturn and the volatility of the stock market, the corresponding reduction in the investment ratio, is a normal adjustment of the investment strategy." Wang Xiaogang that, although still in .rate hike cycle, but may be less frequent than last year, bond interest income will not have much room for growth. .Life for the expected return on investment this year, Wang Xiaogang that no more than 6%. .For the insurance sector this year, investment income growth, Wang Xiaogang that, from infrastructure and private equity investment in the field will be the new Aspect. .</ P>.