Wednesday's Asia ADR Recap

China's leading life insurance company China Life Insurance (LFC Quote) announced it will be introducing its first investment-linked insurance policy pegged to the domestic capital market. The new policy will focus on investing in Chinese blue-chip stocks, especially financial stocks and new offerings. Shares of China Life surged higher by 10% to $63.92 on over 3 times the average daily volume.

Yucheng Technologies (YTEC Quote), a leading provider of IT solutions and services to China's banking sector, announced it has inked an agreement with the Beijing Branch of the Bank of Communications to provide outsourced point-of-sale merchant-acquiring services that will target merchants for credit and debit card processing services. Shares of Yucheng finished higher by 1.6% at $15.63.

Some big winners among Chinese ADRs Wednesday were China Finance Online (JRJC Quote), which rose 16% to $17.29; Huaneng Power International (HNP Quote), which surged higher by 15% to $30.25; Aluminum Corp. of China (ACH Quote), which advanced by 11.3% to $43.75; and China Southern Airlines (ZNH Quote), which traded up 11% to $33.50.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

For more on Asia, check out Daniel Harrison's coverage at TheStreet.com.