This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

"Longtop Financial Technologies (LFT), our top pick for for 2010, was the first Chinese software company to list on the NYSE when its ADRs began trading in October 2007, and we're impressed by the progress made since then," says Timothly Lutts.

The editor of The Cabot Stock of the Month Report explains, "Financial services industries are booming in China, and Longtop is a great way to benefit."

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

Yiannis Mostrous is a leading expert on Asian stocks. For his top pick last year, he chose Standard Chartered (SCBFF) as his top pick.

The stock has risen 110% since his original recommend -- and remains his top pick for 2010 as well. Here's the latest from his The Silk Road Investor.

China Life Insurance (NYSE: LFC) has just announced record profits for the first half of 2007, and Jim Trippon. Indeed, in The China Stock Digest, he explains, "Profits doubled its profits over the same period a year ago."

China , he notes, Life attributes the huge gains to higher premiums and outstanding returns on investment earnings.

Meanwhile, he adds, the company continues to expand its services and its affiliations. Most recently, he observes, China Life received permission from the China Insurance Regulatory Commission (CIRC) to offer investment-linked insurance products.

The advisor states, "In view of China's bullish stock market, the investment-linked product could contribute new revenue streams to China Life's future performance.

"The company has enjoyed sharp increases in non-insurance revenues, specifically its return on various investments. The company's investment gains rose 152% to more than $3 billion in 2006.

"In a major move into the pension field, China Life is rumored to be ready to pay as much as $500 million for a 60% stake of Zhongcheng Trust & Investment Corp. In another development, AXA insurance announced that it was preparing to sell its Taiwanese insurance unit to China Life.

"Premiums for China Life were up 8.9% for the first six months of the year. We remain positive about this company's long-term prospects as a beneficiary of China's growing economy."

Each day, Steven Halpern's TheStockAdvisors.com features the latest investment ideas and market commentary from the financial newsletter community.