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.

"China Mobile (NYSE: CHL), the world's biggest wireless company, has weathered the shakeup on U.S. exchanges," says Jim Trippon.

The editor of The China Stock Digest notes, "The shares have been on the rise since the company announced plans for the biggest ever IPO on the Shanghai Exchange. China Mobile is expected to raise more than $6 billion through its Shanghai listing."

In its most recent report, he adds, China Mobile announced that first quarter profits were up 22.3% from a year earlier due to strong subscriber growth and China's robust economy.

He states, "The company added a record number of users in June with a staggering increase of 5.53 million new users. That brings the total number of subscribers to 332.4 million. That's the ninth straight month of record increases for China Mobile."

Operating revenues for the first quarter, he notes, were up 19.5% from the previous year. In view of the company's ongoing expansion, he says, China Mobile has a reasonable forward P/E of 16.9." The advisor concludes, "With its trailing twelve-month dividend of 1.7% China Mobile remains among our top portfolio favorites."

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