China Life looking at acquisitions

China Life Insurance Co, the country's largest life insurer, will increase investments in infrastructure and look out for acquisition opportunities in the financial industry, the company's top management said yesterday.

The insurer's growing interest in fixed-income products and stake investment stems from the uncertain outlook for the country's stock market in the second half of the year.

"The US subprime crisis is not yet over and will further affect the domestic A-share market," said Liu Jiade, China Life's vice-president, adding the market may see a continuous adjustment or even a further decline in the short term.