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To: Larry S. who wrote (50301)	1/2/2004 9:53:43 PM
From: E.J. Neitz Jr	Respond to of 53068

Warren Buffett takes stake in China Life - Shanghai Morning Post (At least so says this article) BEIJING Investor Warren Buffett has purchased a block of China Life Insurance Co Ltd (HK 2628) shares through Morgan Stanley, helping drive the share price higher yesterday, the Shanghai Morning Post reported, without citing sources. Yesterday, Hong Kong-Listed China Life hit a peak of 7.05 hkd and closed at 6.4 hkd, up about 80 pct from the IPO price of 3.59 hkd. China Life listed on Dec 18. The newspaper said China Life will be included in the Morgan Stanley China Free Index in Jan 6, and is also expected to join the state-owned enterprise index component stocks in the Hong Kong market soon, giving China Life further upside. The report said Buffett's previous China investment, in PetroChina Co Ltd (HK 0857; NYSE PTR), has earned the Berkshire Hathaway Inc chairman an estimated profit of more than 2.3 bln hkd to date since the purchase was made in April. The report was unclear whether Buffett was investing on behalf of Berkshire Hathaway, his holding company, which also controls a major US insurance group, Geico Corp. PetroChina is a component stock of the FTSE/Xinhua China 25 Index. (1 usd = 7.8 hkd) delia.liu@xinhuafinance.com dl/ap/trFor more information and to contact AFX: www.afxnews.com and www.afxpress.com US0846702076; US3615821093 insurancenewsnet.com