Editorial Summary

People's Insurance Company of China (PICC) will start its A-share listing preparations in 2008, reports China Securities Journal quoting PICC vice president Zhou Shurui. PICC is now in talks with related organizations about its listing plan, said Zhou. The insurer recorded almost RMB96 billion in insurance business revenues in 2007, and plans to reach RMB120 billion in total revenues in 2008, according to the report.

Three Chinese insurance companies are currently listed in Shanghai. Shares of Ping An Insurance An Insurance (Group) Co., of China Ltd (601318.SH; 2318.HK ) and China Life Insurance (China Life) )(601628.SH£¬2628.HK) rose 1 percent and 0.42 percent, respectively, on Thursday, while shares of China Pacific Insurance (Group) Co., Ltd (CPIC) (601601.SH) closed flat.