China Life Insurance (2628), whose mainland-listed shares climbed by more than 20 percent for three consecutive trading days since Friday, said it has done an internal inspection and made a written inquiry to its parent China Life Insurance (Group) Company with regard to the unusual movements in its shares. China Life denied a market rumor that it plans a merger with New China Life Insurance (1336). Shares of China Life fell by 0.28 percent to HK$35.85 in Hong Kong, but added 5.05 percent in Shanghai today.

Source: The Standard August 18, 2020 11:37 UTC