Sou Hu Cai Jing·2025-06-19 04:37Core Viewpoint - The chairman of China Life Insurance Group, Cai Xiliang, emphasized the importance of technology finance in supporting the development of new productive forces, highlighting the need for a virtuous cycle between technology, industry, and finance [1]. Group 1: Comprehensive Financial Service Ecosystem - China Life is leveraging its comprehensive financial advantages in insurance, investment, and banking to provide full lifecycle financial services to technology enterprises, addressing their urgent need for integrated technology finance services [3]. - The company has provided risk protection of nearly 40 trillion yuan for strategic emerging industries and has served over 9,600 national-level specialized and innovative "little giant" enterprises [3]. Group 2: Innovative Investment Models - China Life is exploring innovative S-fund incentive investment models to overcome the challenges of investing early and in small amounts, which is crucial given the high risks associated with early-stage technology companies [4]. - In 2023, China Life invested 11.8 billion yuan in the Shanghai Integrated Circuit Industry Fund, marking the first S-fund investment in the industry, which aligns insurance capital with government-led investment initiatives [4][5]. - In 2024, the company invested an additional 5 billion yuan in the Beijing Science and Technology Innovation Fund, which focuses on hard technology investments and has successfully nurtured numerous early-stage technology enterprises [5].