NEWS IN BRIEF

China Life... which is planning an initial public offering that could raise up to the equivalent of US$2.7bn, has said that it is not concerned at the “soft” response to the flotation of Shanghai Airlines, which was forced to cut the size of its offering by 39%. China Life president Wu Yan was cited in local reports as stating that the companies “are in different sectors. Investors do not like aviation companies because of rising oil prices and uncertainty in that market. These are not concerns for [China Life]”.