On July 2, China Life rose 5.03% in regular trading, reaching HKD 28.22 per share with turnover of HKD 6.6 billion. The stock extended gains after rallying over 5% in the prior session, supported by sustained insurance sector momentum.

On the news front, the insurance sector continued its multi-day rally, with peers New China Life up 5.82% and China Taiping up 6.05%, demonstrating strong sector-wide linkage. Additionally, China Life recently acquired the Z10 commercial plot in Beijing CBD core area for RMB 2.993 billion at floor price through subsidiary Beijing Jinting Property. The 120,000-sqm site requires full self-holding to maximum lease term, reflecting the insurer's long-term asset allocation strategy for stable rental income amid low interest rates.

Institutional flows further supported the stock, with Ping An Life increasing its H-share stake to 17.05% and BlackRock raising its holding to 6.08%. CITIC Securities noted the insurance sector exhibits a mismatch between improving fundamentals and low valuations, highlighting significant allocation value with mid-year earnings potentially serving as a re-rating catalyst.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)