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Related readings: China Life Insurance Group confirms no listing plan China Life to sell stake to Citigroup Strong growth for China Life

China Life Insurance Co Ltd, which has stakes in nine commercial banks in China, is interested in buying a stake in Wanzhou City Commercial Bank, a regional bank in Chongqing , insiders said.

Yang Chao, chairman of China Life, said the insurer is also interested in investing in Chongqing's Stated-owned enterprises and infrastructure.

Yang said the insurer will financially support the Agricultural Bank of China's reforms. Insiders close to the insurer said that China Life intended to become one of the lender's strategic investors.

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The full text is available in the June Issue of China Insurance.