BEIJING, Nov 23, 2010 (Xinhua via COMTEX) --
The Royal Bank of Scotland (RBS) has recently upped its rating of China Life Insurance (LFC.NYSE; 02628.HK; 601628.SH) to "buy", and raised China Life's target price to 40.3 HK dollars from 34.4 HK dollars.
RBS said that if the RMB exchange rate appreciates by 9.2 percent, China Life's investment returns would accordingly rise by 7.9 percent.
China Life will benefit substantially from China's rising interest rates, said the RBS. (Edited by Jiang Yujuan, jiangyj@xinhua.org)
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