Group 1 - The core viewpoint of the articles highlights the rapid growth of the insurance trust market in China, with the wealth management service trust scale exceeding 1 trillion yuan by the end of 2024, and the insurance trust scale reaching 270.3 billion yuan, accounting for over 26% of the total [1] - As of the first quarter of this year, the proportion of insurance trusts in wealth management service trusts has further increased to 38% [1] - The growth of the insurance trust market is attributed to the core demand for asset safety, low entry barriers, and regulatory policy guidance, with a typical establishment threshold of 1 million yuan [1] Group 2 - Many clients are upgrading their insurance trusts to more powerful family trusts after a year, indicating a trend where high-net-worth individuals initially set up insurance trusts as a trial before transitioning to family trusts [2] - Family trusts have higher regulatory requirements, with a minimum asset scale or value of 10 million yuan, and can manage a wider range of assets compared to insurance trusts [2] - Establishing a family trust is a complex process that requires professional assistance to ensure it meets the long-term interests of the family [2]

Core Viewpoint - China Life Insurance, with an asset scale exceeding 6 trillion, has revealed its investment strategy for the year, focusing on long-term asset allocation management with a cross-cycle perspective [1] Group 1: Investment Strategy - The company aims to maintain a stable allocation in fixed income investments as a foundational strategy [1] - Equity investments will continue to be balanced and optimized, with a long-term investment layout in mind [1]