On June 29, China Life Insurance rose 3.64% in regular trading, trading at 27.62 HKD/share, with turnover of approximately HKD 209 million. The stock had corrected over 10% from its June 15 high of 31.02 HKD, and the current bounce extends the oversold recovery momentum.

On the news front, the company recently acquired the Z10 commercial-financial land plot in Beijings Chaoyang CBD core area at the floor price of RMB 2.993 billion through its subsidiary. The plot covers a planned construction area of 120,000 square meters, with all above-ground and underground space to be self-held until the maximum tenure, signaling strong long-term asset allocation intent.

Additionally, institutional capital continues to flow in. Ping An Life has raised its stake in China Life H-shares to 16.02%, while BlackRock increased its holding to 6.08%. These sustained institutional purchases provide further support for the share price amid the technical rebound.

(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.)