Core Viewpoint - The "Two Mountains" concept emphasizes the relationship between economic development and ecological protection, serving as a significant development philosophy and a major principle for modern construction [1] Group 1: Green Finance Initiatives - China Life Insurance has actively implemented the "Two Mountains" concept by expanding green finance products and services, contributing to high-quality development and the construction of a beautiful China [1] - In Anji County, the birthplace of the "Two Mountains" concept, China Life's subsidiary, Guangfa Bank, provided a syndicated loan of 200 million yuan for bamboo industry upgrades and carbon sink projects, enhancing insurance services for forestry [2] - Guangfa Bank's green credit balance exceeded 210 billion yuan by June 2025, supporting over 50 carbon reduction projects nationwide [2] - China Life Property Insurance launched marine carbon sink index insurance in Weihai, Shandong, to mitigate risks from environmental changes, promoting a shift from "relying on the sea" to "nurturing the sea" [2] Group 2: Innovative Green Insurance Products - China Life Property Insurance's green insurance offerings provided risk coverage of approximately 8.64 trillion yuan in the first half of 2025, reflecting the growth of green insurance scale [3] - In Shenzhen, China Life's investment in Shenzhen Energy Environmental Co. amounted to 1.5 billion yuan, supporting the transformation of waste incineration plants into energy ecological parks [4] Group 3: Clean Energy Investments - China Life has leveraged its large-scale insurance capital to support investments in clean energy sectors, including hydropower, wind, solar, and nuclear energy [5] - The establishment of the "China Life-Lancang No. 1 Green Equity Investment Plan" and "China Life-Lancang No. 2 Green Equity Investment Plan" involved a strategic investment of 5 billion yuan to enhance hydropower capacity and clean energy investments, potentially reducing carbon emissions by approximately 37 million tons annually [5] Group 4: Financial Support for Transition - Guangfa Bank provided a specialized green finance service plan for a leading glass company in Guangdong, introducing a mechanism linking emission reduction targets with financing costs, thus incentivizing green transformation [6] Group 5: Promoting Green Lifestyle Choices - In Qinghai, China Life Property Insurance introduced a combination of "green car insurance" and "green home insurance," linking car insurance pricing to low-carbon repair commitments [8] - Guangfa Bank launched a comprehensive automotive financial service plan, focusing on new energy vehicle consumption, with auto consumption loans growing over 26% in the first half of 2025 [8] Group 6: Digital Transformation in Green Finance - China Life is integrating digital finance into carbon reduction practices, enhancing customer service through various online platforms, with significant improvements in claims processing efficiency [9]
广发银行绿色信贷余额突破2100亿元