Hua Er Jie Jian Wen·2025-08-27 12:32Group 1 - The core viewpoint of the article highlights the accelerating upward trend of the A-share market, driven by significant investments from major institutional players like China Life Insurance [1][4] - China Life's latest interim report shows a revenue of 239.235 billion yuan for the first half of 2025, representing a year-on-year growth of 2.1%, and a net profit of 40.931 billion yuan, up 6.9% [1][2] - The report reveals that China Life has invested over 100 billion yuan into the stock market, indicating its substantial influence on market dynamics [2][7] Group 2 - As of June 30, 2025, China Life's total investment assets reached 7.13 trillion yuan, with equity financial assets increasing from 1.269 trillion yuan to 1.426 trillion yuan, a net increase of approximately 157 billion yuan [5][6] - The increase in equity investments is comparable to the scale of a mid-sized public fund, suggesting that China Life's actions are pivotal in the current market rally [7] - The company has significantly reduced its allocation to money market funds, decreasing from 2.095 billion yuan to 1.718 billion yuan, reallocating those funds towards equity and bond funds, indicating a shift in risk appetite [8][9] Group 3 - China Life's investment strategy shows a clear trend: increasing direct stock investments and fund investments while reducing liquidity tools and long-term equity investments [10][11] - The company plans to maintain a flexible approach to bond market investments while actively pursuing high-dividend blue-chip stocks and sectors with growth potential in the A-share and H-share markets [12]