Joe Chung's questions to CHINA LIFE INSURANCE CO (CILJF) leadership • Q4 2022
Question
Joe Chung from Credit Suisse asked about China Life's plans for market capitalization management, particularly regarding the call to establish a valuation system with Chinese characteristics for SOEs. He also questioned the sustainability of the high dividend payout rate and the future dividend policy.
Answer
Li Mingguang, Vice President and Chief Actuary, responded that the top priority for market cap management is improving the company's fundamentals. He affirmed a commitment to a stable and sustainable dividend policy, noting the historical payout consistency and assuring investors that the dividend will continue and improve, supported by strong business performance.