---
title: "Citi Raises CHINA LIFE  TP to HKD36.2, Reiterates Buy Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294008280.md"
description: "Citi raised its target price for China Life's H-shares to HKD36.2 and A-shares to RMB41, reiterating a Buy rating. The broker increased FY2026 EPS forecasts by 19% due to improved investment income from better capital market performance in Q2. This aligns with China Life's positive profit alert forecasting a 215%-235% YoY surge in H1 net profit."
datetime: "2026-07-28T04:12:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294008280.md)
  - [en](https://longbridge.com/en/news/294008280.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294008280.md)
generator: "portal-rs"
---

# Citi Raises CHINA LIFE  TP to HKD36.2, Reiterates Buy Rating

Citi published a research report expecting CHINA LIFE (02628.HK) -0.620 (-2.163%) Short selling $242.88M; Ratio 28.100% 's value of new business to grow 32% YoY in 1H26. In addition, CHINA LIFE earlier issued a positive profit alert, forecasting 1H net profit to surge 215% to 235% YoY, mainly due to improved investment income driven by better capital market performance in 2Q.

The broker raised its FY2026 EPS forecast for CHINA LIFE by 19% to reflect higher investment income projections. It also lifted the H-share TP from HKD36 to HKD36.2 and reiterated the Buy rating. Meanwhile, the A-share TP for CHINA LIFE (601628.SH) +0.460 (+1.158%) was raised from RMB40.8 to RMB41. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-27 16:25.) (A Shares quote is delayed for at least 15 mins.)

### Related Stocks

- [02628.HK](https://longbridge.com/en/quote/02628.HK.md)
- [601628.CN](https://longbridge.com/en/quote/601628.CN.md)

## Related News & Research

- [China Life schedules 2026 interim results briefing webcast](https://longbridge.com/en/news/296323815.md)
- [A Look At China Life Insurance (SEHK:2628) Valuation After Strong 2025 Earnings And Proposed Final Dividend](https://longbridge.com/en/news/281251717.md)
- [PING AN 1H26 Net Profit Up 36.1% to RMB92.585B; Interim DPS Hikes 3.2% to RMB0.98](https://longbridge.com/en/news/296473576.md)
- [Ping An Insurance (Group) Company of China: Net profit surged 36.1% YoY to RMB92.6bn; interim dividend up 3.2% to RMB0.98/share](https://longbridge.com/en/news/296469307.md)
- [ITECH: Record Q2 sales and profit growth, with strong margins and cash flow supporting future growth](https://longbridge.com/en/news/296573685.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**