IN BRIEF (Page 14)

China Life more wary

China Life Insurance (Group) Company, one of the country's largest insurance groups, will further tighten its risk management this year by setting up two separate panels to decide on any major investments. "We will keep a close eye on overseas investment opportunities but approach very prudently," said Yang Chao, chairman of the company. The group saw its premium income hit 321.8 billion yuan in 2008, up 46 percent year-on-year.

New highways on cards