China Life(SH:601628) Zheng Quan Ri Bao Wang·2025-09-26 13:12Core Viewpoint - China Life Asset Management Co., Ltd. has established the Tianwan Fund in collaboration with China National Nuclear Corporation to invest in nuclear power projects, which is crucial for optimizing energy structure and achieving carbon neutrality goals [1][2] Group 1: Investment Details - The Tianwan Fund is a limited partnership fund initiated by China Life Asset as the sole financial LP, focusing on investments in China National Nuclear Corporation's projects [1] - The fund's first investment will support the construction of Units 7 and 8 of the Tianwan Nuclear Power Plant and the first phase of the Xuwei Nuclear Heating Project [1] - The investment period for the Tianwan Fund is set for 10 years, tailored to meet the capital needs of nuclear power project construction and operation [2] Group 2: Technological Significance - The Xuwei Phase I project is notable for being the world's first demonstration project combining a third-generation pressurized water reactor and a fourth-generation high-temperature gas-cooled reactor [1] - The "Hualong One" reactor is highlighted as a key model for China's nuclear power development and a symbol of its global nuclear presence [1] - The high-temperature gas-cooled reactor is recognized as part of a major national science and technology initiative [1] Group 3: Strategic Implications - The investment in the Tianwan Fund represents a practical step by China Life Asset to support green finance and the transition to a low-carbon economy [2] - The company aims to leverage its long-term capital advantages to innovate equity investment methodologies and explore stable return opportunities in infrastructure sectors such as nuclear power, hydropower, and offshore wind [2] - Future plans include continuous exploration of innovative equity investment practices based on the Tianwan Fund's experience to enhance the effectiveness of insurance capital in serving the real economy [2]