Core Viewpoint - China Life Insurance has announced plans to establish a pension industry equity investment fund and a private fund in the Yangtze River Delta, with a total committed investment of nearly 12.5 billion yuan [1][2] Group 1: Pension Industry Fund - China Life will partner with its affiliate Guoshou Qiyuan to set up the Beijing Guoshou Pension Industry Equity Investment Fund Phase II, with a total committed capital of 8.5 billion yuan [1] - China Life will contribute approximately 8.4915 billion yuan as a limited partner, while Guoshou Qiyuan will contribute 8.5 million yuan as a general partner [1] - The fund will be managed by Guoshou Equity, a wholly-owned subsidiary of China Life's controlling shareholder group, which has a management scale of 42 billion yuan in healthcare and silver economy investments as of August 2025 [1] Group 2: Yangtze River Delta Private Fund - China Life is also set to collaborate with Pudong Venture Capital and Guotou Xiandao to establish the Huizhi Yangtze River Delta (Shanghai) Private Fund Partnership, with a total committed capital of 5.0515 billion yuan [2] - China Life will contribute 4 billion yuan, accounting for nearly 80% of the fund [2] - The fund will be managed by Guoshou Capital, a 100% owned subsidiary of China Life's alternative investment platform, which has over 30 funds and products with a cumulative signed scale exceeding 210 billion yuan, demonstrating strong investment capabilities in the technology innovation sector [2]