Core Viewpoint - The "Two Mountains" concept emphasizes the relationship between economic development and ecological protection, serving as a significant development philosophy and a major principle for modern construction [1] Group 1: Green Finance Initiatives - China Life Insurance has actively implemented the "Two Mountains" concept by expanding green finance products and services, contributing to high-quality development and the construction of a beautiful China [1] - In Anji County, the birthplace of the "Two Mountains" concept, China Life's subsidiary, Guangfa Bank, provided a syndicated loan of 200 million yuan for bamboo industry upgrades and carbon sink projects, enhancing insurance services for forestry [2] - Guangfa Bank's green credit balance exceeded 210 billion yuan by June 2025, supporting over 50 carbon reduction projects nationwide [2] - China Life Property Insurance launched marine carbon sink index insurance in Weihai, Shandong, to mitigate risks from environmental changes, promoting a shift from "relying on the sea" to "nurturing the sea" [2] Group 2: Innovative Green Insurance Products - China Life Property Insurance's green insurance offerings provided risk coverage of approximately 8.64 trillion yuan in the first half of 2025, reflecting the growth of green insurance scale [3] - In Shenzhen, China Life's investment in Shenzhen Energy Environmental Co. amounted to 1.5 billion yuan, supporting the transformation of waste incineration plants into energy ecological parks [4] Group 3: Clean Energy Investments - China Life has leveraged its large-scale insurance capital to support investments in clean energy sectors, including hydropower, wind, solar, and nuclear energy [5] - The establishment of the "China Life-Lancang No. 1 Green Equity Investment Plan" and "China Life-Lancang No. 2 Green Equity Investment Plan" involved a strategic investment of 5 billion yuan to enhance hydropower capacity and clean energy investments, potentially reducing carbon emissions by approximately 37 million tons annually [5] Group 4: Financial Support for Transition - Guangfa Bank provided a specialized green finance service plan for a leading glass company in Guangdong, introducing a mechanism linking emission reduction targets with financing costs, thus incentivizing green transformation [6] Group 5: Promoting Green Lifestyle Choices - In Qinghai, China Life Property Insurance introduced a combination of "green car insurance" and "green home insurance," linking car insurance pricing to low-carbon repair commitments [8] - Guangfa Bank launched a comprehensive automotive financial service plan, focusing on new energy vehicle consumption, with auto consumption loans growing over 26% in the first half of 2025 [8] Group 6: Digital Transformation in Green Finance - China Life is integrating digital finance into carbon reduction practices, enhancing customer service through various online platforms, with significant improvements in claims processing efficiency [9]

今年是"绿水青山就是金山银山"理念提出20年。作为国有大型金融机构，中国人寿以"报国为民当 头雁"的思想自觉和行动自觉，深入践行"两山"理念，持续拓展转化路径，不断丰富绿色金融产品谱 系，提升绿色金融服务质效，着力书写高质量发展的"绿色答卷"，助力美丽中国建设。 生态保护织"绿"成锦 山林湖海皆答卷 20年间，浙江安吉作为"两山"理念的起源地，探索出一条经济发展与生态互融共生的新路子。 在深圳市，四座曾经"人人避之"的垃圾焚烧厂正成为市民排队参观的热门网红打卡地。过去二十多 年里，深圳市国企深圳能源环保股份有限公司（下称"深能环保"）用"建一座工厂，还一个公园"的环保 理念，让垃圾焚烧厂变身为"生活垃圾焚烧发电+科普教育+休闲娱乐+工业旅游"一体的能源生态园。今 年上半年，中国人寿集团旗下国寿投资公司通过"国寿投资-深能环保股权投资计划"战略投资深能环 保，投资金额15亿元，助力其加强能源产业链协同，在城市环境治理和能源再利用上更进一步。 长期以来，中国人寿充分发挥保险资金规模大、期限长的耐心资本优势，长期跟踪国内水电、风 电、光伏、核电、储能等清洁能源领域的投资机会，重点支持低碳、循环、生态领域融资需求。例 ...

Core Viewpoint - The "Two Mountains" concept, proposed 20 years ago, emphasizes the relationship between economic development and ecological protection, showcasing its enduring value in guiding China's ecological civilization construction [1] Group 1: Green Finance Initiatives - China Life has actively implemented the "Two Mountains" concept by expanding green finance products and services, contributing to high-quality development and the construction of a beautiful China [1] - In Anji County, China Life's subsidiary Guangfa Bank provided a loan of 200 million yuan for bamboo industry upgrades and carbon sink projects, while also offering insurance services for forestry [2] - Guangfa Bank's green credit balance exceeded 210 billion yuan by mid-2025, supporting over 50 carbon reduction projects nationwide [2][3] Group 2: Innovative Insurance Products - China Life Property Insurance has developed various insurance products focusing on environmental protection, including pollution liability insurance and biodiversity protection insurance, achieving full coverage for carbon sink insurance across ecosystems [3] - By mid-2025, the green insurance provided by China Life Property Insurance offered risk coverage of approximately 86.4 trillion yuan [3] Group 3: Investment in Clean Energy - China Life has invested significantly in clean energy sectors, including hydropower, wind, and solar energy, with a strategic investment of 5 billion yuan to enhance hydropower capacity and support clean energy projects [5] - The investment is expected to reduce carbon emissions by nearly 37 million tons annually, marking it as the first certified green equity investment plan in the industry [5] Group 4: Support for Green Transformation - China Life has developed financial solutions to support companies transitioning from high carbon to low carbon emissions, exemplified by a financing plan for a leading glass manufacturer that links financing costs to emission reduction targets [6] - The innovative financing mechanism encourages companies to achieve their carbon reduction goals while benefiting from lower financing costs [6] Group 5: Promoting Green Consumption - China Life has introduced green insurance products that incentivize environmentally friendly choices, such as discounts for using remanufactured parts in vehicle repairs [8] - Guangfa Bank has launched a comprehensive automotive financial service plan to promote green consumption, with auto loans increasing by over 26% in the first half of 2025 [8] Group 6: Digital Transformation in Green Finance - China Life is integrating digital finance into its green initiatives, offering various online platforms for customers to access insurance services efficiently [9] - By mid-2025, the company processed over 3.91 million claims, with a significant portion handled through digital channels, enhancing customer experience and operational efficiency [9] Group 7: Commitment to Sustainable Development - China Life is committed to supporting ecological protection and sustainable development through its "333 strategy," aiming to enhance its capacity to facilitate green transformation in industries [10] - The company emphasizes the importance of financial support for ecological civilization and aims to contribute to harmonious coexistence between humans and nature [10]