Zhong Guo Jing Ying Bao·2026-01-27 05:25Core Viewpoint - China Life Insurance Co., Ltd. is significantly increasing its investments in the pension and technology innovation sectors, with a total commitment of approximately 12.5 billion yuan for two new funds focused on these areas [1][3]. Group 1: Pension Industry Investment - China Life plans to establish the second phase of the Guoshou Pension Industry Equity Investment Fund with a total subscription amount of 8.5 billion yuan, primarily focusing on the pension industry [3]. - The fund will invest directly or through new or acquired project companies in the pension real estate business, aiming to generate operational income and asset appreciation through various investment strategies [3]. - The investment strategy includes acquiring existing pension real estate projects and expanding into new projects such as high-quality nursing apartments and comprehensive CCRC (Continuing Care Retirement Community) facilities [3][4]. Group 2: Technology Innovation Investment - China Life, along with several partners, is establishing the Huizhi Yangtze River Delta Fund with a total subscription of 5.0515 billion yuan, of which China Life's contribution is 4 billion yuan [5]. - The fund will primarily target technology innovation companies in artificial intelligence, integrated circuits, and biomedicine, with at least 70% of investments focused on artificial intelligence [6]. - The investment will leverage opportunities in the Yangtze River Delta region, emphasizing technological breakthroughs and applications in various sectors, including finance, education, and healthcare [6][7]. Group 3: Historical Context and Previous Investments - In 2021, China Life established a large pension fund with a total scale of 20 billion yuan, focusing on various aspects of the pension industry [4][8]. - The company has a history of investing in technology innovation, including the establishment of the Guoshou Science and Technology Innovation Fund in 2021, which has supported key sectors like semiconductors and artificial intelligence [8].