By George Chen

NANJING, China, Nov 28 (Reuters) - China Life Insurance(2628.HK: Quote, Profile, Research), the country's top life insurer, plans to boost itsequity investments, especially in the financial, power andports sectors, and expand its asset management business.

China Life (601628.SS: Quote, Profile, Research), which owns 20 percent ofCitigroup-controlled (C.N: Quote, Profile, Research) Guangdong Development Bank, plans toraise its stakes in unlisted firms and those planning stocklistings, chief investment officer Liu Lefei said.

Beijing has been encouraging domestic insurers to invest innon-insurance sectors such as banking, asset management andeven infrastructure to expand their profit streams.

China Life (LFC.N: Quote, Profile, Research) planned to sharply raise the portion ofstrategic equity stakes in its total investment portfolios to 5to 10 percent, Liu said during a company tour with report...

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