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China Stocks

LFC China Life Insurance Debut Tomorrow in Shanghai

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The party is finally here. The ticker symbol is 601628 (not available at Yahoo Finance yet), it was priced at 18.88 (lots of 8 here). And it could go to 30s (note I usually make wrong guess, so take it for what it worth…)

The ticker symbol in Hongkong is 2628.HK (from Yahoo Finance). And LFC is the ticker symbol at NYSE.

Disclosure: I don’t have any postions on this.

Follow up (08Jan07, 7:48PM Central time): it opened 37.00 Yuan, up 96% from 18.88.

china life insurance LFC

1 reply on “LFC China Life Insurance Debut Tomorrow in Shanghai”

[…] The first stock comes to mind is 601628.SS, China Life Insurance (NYSE: LFC; HKSE: 2628.HK). I talked China Life couple times, during its Shanghai IPO (secondary offering to be precise), and “Got Yuan” post. I believe China Life is uniquely positioned to take advantage of weakened competitors (China Ping’An and AIG China subsidiary), and this down market. […]

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