Ren Min Wang·2025-11-10 02:41Core Viewpoint - The establishment of Xiong'an New Area is a significant decision by the central government to promote coordinated development in the Beijing-Tianjin-Hebei region, with China Life actively contributing to its financial service system and economic development [1] Group 1: Institutional Layout and Financial Services - China Life has integrated the service of Xiong'an New Area construction into its strategic deployment, establishing various subsidiaries in the area to support its development [2] - The company has set up a comprehensive financial service network in Xiong'an, including the Xiong'an Financial Development Center and various insurance and banking entities, to provide coordinated financial services [3] Group 2: Financial Support and Investment - As a key institutional investor, China Life has leveraged its long-term capital to support infrastructure, housing, and ecological protection projects in Xiong'an, including a significant role in the issuance of local government bonds [4] - The company has invested nearly 400 billion yuan through various financial plans to support transportation infrastructure in the Beijing-Tianjin-Hebei region, including a loan project for the Beijing-Xiong'an Expressway [4] Group 3: Housing and Environmental Initiatives - China Life has signed a memorandum to establish a rental housing Pre-REITs fund to support the innovative housing system in Xiong'an, focusing on sustainable and market-compatible solutions [5] - The company has also initiated an ecological protection fund with a contribution of 2 billion yuan to invest in environmental and green infrastructure projects in Xiong'an [5] Group 4: Social Welfare and Insurance Services - China Life has provided various insurance products to meet the needs of residents in Xiong'an, covering over 90 billion yuan in risk protection for health, education, and elderly care [7] - The company has also supported the construction of a pension system in Xiong'an, managing nearly 290 million yuan in corporate pension funds and facilitating the establishment of an automatic enrollment mechanism for enterprise annuities [8] Group 5: Commitment to Development - China Life is committed to supporting the high-quality development of Xiong'an New Area, aligning its financial services with government needs and social values to enhance the living standards of residents [6][8]