Ge Long Hui·2026-01-23 09:20Core Viewpoint - China Life Insurance (02628.HK) plans to establish a partnership with Guoshou Qiyuan to invest in the elderly care real estate sector, with a total investment of RMB 8.5 billion, focusing on both existing and new elderly care projects [1][2] Group 1: Partnership Details - The partnership agreement is expected to be signed by September 30, 2026, with total contributions amounting to RMB 8.5 billion, where China Life contributes RMB 8,491,500,000 and Guoshou Qiyuan contributes RMB 8,500,000 [1] - Guoshou Qiyuan will act as the general partner, managing the partnership [1] Group 2: Investment Focus - The partnership will focus on investments in the elderly care industry, including acquiring and managing elderly care real estate projects through various methods such as direct investment, leasing, and public-private partnerships [1][2] - The investment strategy includes two main lines: acquiring existing elderly care real estate projects and developing new projects, such as high-quality nursing apartments and comprehensive CCRC communities [1][2] Group 3: Strategic Importance - This initiative aligns with the "Healthy China" strategy and supports the development of the real economy, emphasizing a combination of light and heavy asset investment [2] - The partnership aims to enhance the management efficiency of existing projects and optimize the shareholding structure, thereby achieving effective risk isolation [2]