Huan Qiu Wang·2025-09-01 11:27Core Viewpoint - China Life Insurance is actively implementing the "Two Mountains" concept by expanding its green finance product offerings and enhancing the quality of green financial services to support the construction of a beautiful China [1][2][3] Group 1: Green Finance Initiatives - China Life's subsidiary, Guangfa Bank, has provided a syndicated loan credit line of 200 million yuan for bamboo industry transformation and carbon sink capacity enhancement projects in Anji County, Zhejiang [1] - As of June 2025, Guangfa Bank's green credit balance exceeded 210 billion yuan, supporting over 50 carbon reduction projects nationwide [1] - China Life Property Insurance has innovatively launched marine carbon sink index insurance in Weihai, addressing risks from specific marine environmental changes [1][2] Group 2: Insurance Product Innovations - China Life Property Insurance is focusing on various ecosystems, including grasslands and wetlands, and has achieved full coverage of carbon sink insurance across forests, grasslands, and oceans [2] - The company has introduced multiple pilot projects, such as wetland biodiversity protection insurance and forestry biological asset note insurance, enhancing the green insurance product supply [2] - By mid-2025, China Life Property Insurance's green insurance provided risk coverage of approximately 86.4 trillion yuan [2] Group 3: Support for Sustainable Development - China Life is supporting the transformation of waste incineration plants into energy ecological parks through equity investment plans [2] - The company has increased its investment in clean energy, contributing 5 billion yuan to Yunnan Energy Investment Group to boost clean energy investments [2] - As of June 2025, the green insurance premium of China Life's life insurance segment has increased by 160% year-on-year [3] Group 4: Promoting Green Lifestyle - China Life has introduced diverse initiatives to promote green lifestyles, such as linking car insurance pricing to low-carbon repair commitments in Qinghai [3] - Guangfa Bank has launched a comprehensive automotive financial service plan, with auto consumption loans growing over 26% in the first half of 2025 [3] - The company is committed to implementing the "333 strategy" to provide comprehensive financial support for ecological protection and sustainable development [3]