[China Life: Plans to sell part of the equity in the pension insurance company to the group] On October 21, China Life (601628.SH) announced that the company plans to sell 33.73% of its equity in the pension insurance company to the controlling shareholder China Life Insurance (Group) Company, with a transaction amount of 4.146 billion yuan; its subsidiary asset management company plans to sell 3.53% of its equity in the pension insurance company, with a transaction amount of 434 million yuan. After the transaction is completed, the group company will hold 41.67% of the shares of the pension insurance company and become the largest shareholder. The company's shareholding will be reduced to 37.01% and it will become the second largest shareholder. The Group is expected to gain approximately RMB 2.574 billion from the disposal.