SHANGHAI/BEIJING (Reuters) - China's Alibaba Group Holding Ltd , the world's biggest e-commerce company, is planning to buy shares in the state-run New China Life Insurance Co Ltd , Shanghai Securities News said on Wednesday, citing unnamed sources. The newspaper reported that Central Huijin Investment Ltd, the investment arm of the Chinese government and the largest shareholder in the insurer, plans to sell some of its stake to Alibaba. Central Huijin currently owns 31.34 percent of the insurer, according to the paper. New China Life Insurance asked for a trading suspension on Jan. 19, saying it was in the midst of negotiations that would affect its shareholding structure.
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