Two insurers in China scheduled to go public this year

China will list two more insurers on stock markets this year, with New China Life Insurance (新中國人壽) becoming the first listed insurance company in the domestic A-shares market, officials said yesterday.

Ping An Insurance Group (平安保險), the country's second-largest life insurer, will offer shares abroad to become the third insurer listed overseas.

"This year will see two insurance companies go public -- Ping An Insurance with an overseas listing and New China Life for a domestic listing," said Wu Dingfu (吳定富), chairman of the China Insurance Regulatory Commission (CIRC).

Wu did not provide a detailed timetable nor the size of the two listings.

Last year saw the debut of two of China's biggest insurance companies on overseas markets.