险资在一级市场频频出手。 近日，中国人寿保险股份有限公司（601628.SH）公告显示，拟投资设立一只养老产业基金、一只科创 基金，认缴出资额合计约125亿元。 其中，中国人寿拟出资84.915亿元与关联方成立北京国寿养老产业股权投资基金二期（有限合伙）（以 下简称"国寿养老基金二期"），专注于养老产业领域投资；联合多方发起设立汇智长三角（上海）私募 基金合伙企业（有限合伙）（以下简称"汇智长三角基金"），认缴金额40亿元，重点投向人工智能、集 成电路和生物医药三大领域中的科技创新企业。 近年来，中国人寿正在加大力度发掘符合政策导向和未来产业方向的科技创新、战略性新兴产业投资机 会，已投资多家具有高精尖技术的明星公司。 对于此次大手笔布局，中国人寿相关负责人对《中国经营报》记者表示，一切以公司公告为准。 重点布局养老产业上下游 据公告，中国人寿拟与关联方国寿启远（北京）养老产业投资管理有限公司（以下简称"国寿启远"）于 2026年9月30日前订立合伙协议，成立国寿养老基金二期，合计认缴出资总额为85亿元，其中，中国人 寿认缴出资额为84.915亿元，国寿启远认缴出资额为850万元。国寿股权投资有限公司（"国寿 ...

Core Viewpoint - The article discusses the strategic focus of China Life Group on the health and elderly care industry, emphasizing the establishment of a comprehensive elderly care ecosystem in response to the aging population and the "14th Five-Year Plan" initiatives [1]. Group 1: Business Development - China Life Group has launched 10 elderly care projects, including the recently opened Guoshou Jiayuan in Beijing, which features 553 rooms and 947 beds, providing comprehensive solutions for elderly care needs [2]. - The company has established a total of 10 elderly care and wellness projects, including locations in Beijing, Tianjin, Suzhou, Chengdu, Qingdao, Shenzhen, Sanya, and Beidaihe [2]. - Guoshou Jiayuan is part of the "333 strategy" of China Life Group, which aims to enhance its presence in the health and elderly care sector [2]. Group 2: Investment and Growth - Guoshou Health Investment Company, a subsidiary of China Life Group, was established in July 2019 and manages a 20 billion yuan fund for investing in quality elderly care projects [2]. - The company has achieved a compound annual growth rate of 18.6% in bed capacity for its elderly care communities over the past five years, leading the industry [2]. Group 3: Strategic Focus and Standards - The selection of project locations is based on various factors, including local economic development, aging population ratios, and alignment with core business operations [3]. - The company has developed a set of location selection criteria that consider commercial, medical, and transportation facilities, as well as asset types and acquisition costs [3]. Group 4: Operational Performance - The occupancy rate of elderly care communities is a critical indicator of operational efficiency, with a stable increase expected as elderly residents typically do not move out easily [4]. - An occupancy rate of around 80% is necessary for achieving stable profitability, which aligns with investment return expectations [4]. - The Tianjin Lejing project, a benchmark for integrated medical and elderly care, has seen its occupancy rate double in less than two years, currently exceeding 70% and projected to reach 80% by 2026 [4]. Group 5: Community and Home Care Services - The company is exploring home and community-based elderly care services, collaborating with local governments to create inclusive community care models [6]. - Services are being extended from institutional care to nearby communities, offering assistance such as meal delivery and bathing for elderly residents [6]. - The company has secured contracts for seven community elderly day care centers in Tianjin, serving over 5,000 individuals monthly [6].