China Life Insurance to Invest 2.8 Billion Yuan in New Limited Partnership

Deep News
Mar 25

China Life Insurance Company Limited announced on March 25 that it plans to contribute 2.8 billion yuan to establish Fujian Xinrui Technology Innovation Relay Equity Investment Fund Partnership (Limited Partnership) alongside several partners. The other participants include Fujian Provincial Government Investment Fund Co., Ltd., Fuzhou Jintou Industrial Investment Co., Ltd., Guangzhou Jinhong Zhiyuan Industrial Investment Co., Ltd., and Fuzhou Herui Industrial Investment Partnership (Limited Partnership). The total committed capital from all partners amounts to 4.0154 billion yuan. China Life Jinshi Asset Management Co., Ltd. will serve as the manager of the partnership. The company expects to finalize agreements with relevant parties by December 31, 2026. This transaction constitutes a connected transaction but does not qualify as a major asset reorganization.

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