Core Insights - China Life Insurance has provided risk protection for strategic emerging industries amounting to nearly 40 trillion yuan and has served over 9,600 national-level specialized and innovative "little giant" enterprises this year [1] - The core topic of the Lujiazui Forum this year is how to promote technological innovation through financial means, emphasizing the need for institutional and service innovation in the insurance industry to provide comprehensive risk protection and development support for technological innovation [1] Group 1: Technological Insurance Development - There is an increasing demand for comprehensive financial services from technology enterprises, prompting China Life to leverage its integrated financial advantages to provide full lifecycle financial services [2] - China Life is focusing on enhancing risk protection for technological innovation and continuously innovating technology insurance products to cover all aspects of technology research and development, transformation, and application [2] - The insurance industry is expected to provide approximately 9 trillion yuan in technology insurance protection and invest over 600 billion yuan in technology enterprises by the end of 2024 [2] Group 2: Policy and Regulatory Support - The development of technology insurance has accelerated this year, with clearer policy guidance from regulatory bodies [3] - Various departments have issued policies to support the construction of a technology financial system, emphasizing the role of technology insurance as a stabilizer for innovation [3] Group 3: Innovation in Insurance Products - The introduction of new technology insurance products has accelerated, including the first large-scale research equipment sharing insurance and the first comprehensive insurance for technology achievement transformation [4] - The scope of technology insurance has expanded to cover various aspects of technological innovation, providing a comprehensive risk shield and development engine [4] Group 4: Investment Strategies - Technology enterprises require not only risk protection but also the support of patient capital represented by insurance funds for their long-term development [5] - China Life has innovated a relay investment model using private equity secondary market funds (S Funds) to support strategic emerging industries and facilitate their growth from initial stages to maturity [5] - Recent investments include a 11.8 billion yuan investment in the Shanghai integrated circuit industry investment fund and a 5 billion yuan investment in the Beijing technology innovation fund [6] Group 5: Future Directions - The S Fund model is expected to be promoted further, with a focus on collaboration with various sectors to support the development of new productive forces [7]