(Yicai Global) Aug. 30 -- New China Life Insurance Co. (NCI) [SHA:601336;HKG:1336], commonly called Xinhua Insurance, reported insurance business income of approximately CNY61.24 billion (USD9.29 billion) for the first six month of the year, an annual decrease of 13.8 percent, while overall net profit dipped 2.9 percent to CNY3.24 billion.

China Securities Finance Corp. Ltd. has increased its holdings of NCI shares since the second half of 2015. It bought 13.44 million shares in the first six months of last year and held a 3.36 percent stake as of June 2017, making it the fourth largest shareholder.

The National Social Security Fund is now a top-ten shareholder in NCI. In the first half of the year, three of the fund's portfolios ranked seventh, eighth and ninth among NCI's shareholders, with holdings of 16.55 million shares (0.53 percent), 14.92 million shares (0.48 percent) and 10.71million shares (0.34 percent), respectively.

The company's market share dropped to 3.4 percent from 5 percent compared with the same period of last year.

CSF is a financial institution engaged in securities, and is jointly funded by Shanghai Stock Exchange, Shenzhen Stock Exchange, and China Securities Depository and Clearing Co.

NCI saw a rise of 17.41 percent in the A-share market from January through June this year.