Core Viewpoint - China Life Insurance Group is actively supporting the development of new productive forces through innovative investment models, particularly the S Fund relay investment model, which aims to address the challenges of early-stage technology investment [1][4]. Group 1: Support for Technological Innovation - In recent years, there has been an increasing demand from enterprises for comprehensive financial services in technology finance, with China Life providing risk protection of nearly 40 trillion yuan for strategic emerging industries and serving over 9,600 national-level specialized and innovative "little giant" enterprises [3][5]. - China Life is enhancing its risk protection for technological innovation by continuously innovating technology insurance products and ensuring comprehensive insurance coverage for R&D, achievement transformation, and application promotion through collaborative insurance models [3][5]. Group 2: S Fund Relay Investment Model - The S Fund relay investment model allows insurance capital to invest early and in smaller amounts, overcoming the natural barriers associated with high risks and uncertainties in early-stage technology investments [5][6]. - In 2023, China Life invested 11.8 billion yuan in the Shanghai Integrated Circuit Industry Investment Fund, marking the first S Fund investment in the industry, which facilitates the collaboration between insurance capital and government industry guidance funds [6][7]. - The model enhances the efficiency of government fund utilization while adhering to the prudent investment principles of insurance capital, effectively supporting the transition from government-led incubation to market-driven funding [6][7]. Group 3: Future Commitment - China Life is committed to taking on greater responsibilities and collaborating with various sectors to further develop technology finance, thereby supporting the growth of new productive forces [7].