China Life Insurance (Group) Company

China Life Insurance (Group) Company is a large state-owned financial insurance enterprise. China Life is the biggest life insurer in China in terms of total assets, but has experienced economic difficulty in the past years. China's insurance market has attracted dozens of new competitors after the Chinese government liberalized it, and China Life's market share has fallen by almost half since 2007, from 50% to around 26%, according to Morningstar. The company is completing a major restructuring, and the government assigned it a new CEO in 2014. A new sales push early this year (fueled by an army of newly hired agents) led to a big bump in net income in the first quarter of 2015. China Life is also ranked on Fortune China: 2015 Top 500 Chinese Enterprises at No.13.