China Life Insurance Co. (LFC) Chairman Yang Chao said Thursday his company is seeking overseas investment opportunities and is in talks over possible acquisitions.

China Life, the country's largest life insurer by premiums, is seeking investment opportunities in the U.S., Europe, Southeast Asia and the Middle East, Yang said at a press briefing.

"But our top priority is to develop the domestic market," he said.

China Life is interested in taking a stake in Agricultural Bank Of China, one of the country's Big Four state-owned banks, Yang said.

The company is also looking for a strategic investor, he added.

China Life Vice President Liu Jiade told reporters at the press briefing the company sees many opportunities to invest in shares in Hong Kong and on the mainland, but added that the A-share market still faces many uncertainties.

-Victoria Ruan, Chen Juan in Beijing and Aries Poon in Hong Kong contributed to this story; Dow Jones Newswires; 8610 6588 5848; victoria.ruan@dowjones.com