BEIJING, Nov. 25, 2009 (Xinhua News Agency) -- China Life Insurance Co. Ltd. (NYSE:LFC) (LFC.NYSE; 2628.HK; 601628.SH) may consider spinning off its Hong Kong subsidiary and enabling the Hong Kong branch to list in three years, the Hong Kong-based Oriental Daily quoted Liu Tingan, president of China Life's Hong Kong subsidiary, as saying on Wednesday.

Liu said that China Life has not yet decided upon the listing market for its Hong Kong subsidiary, China Life Insurance (Overseas) Co. Ltd. Considering that the parent has already listed in Hong Kong, investors may become confused if the subsidiary lists in Hong Kong.

Liu expressed that China Life Insurance (Overseas) is not keen on acquisitions. He also expects the company to achieve 30 billion Hong Kong dollars of revenues in 2009.

China Life Insurance (Overseas) has been operating in Hong Kong for 25 years.