China Life Insurance Co., Ltd. (hereinafter referred to as "China Life Insurance"), as a state-controlled financial and insurance enterprise, has the courage to undertake the responsibility mission, firmly adhere to the "people-centered" position, enhance the people's sense of acquisition, happiness and security, actively implement the national strategy, and help the country develop with high quality. By the end of the first quarter of 2022, the investment scale of China Life Insurance Company in serving the real economy totaled more than 3 trillion yuan, which demonstrated the responsibility of state-owned enterprises with practical actions.
Support infrastructure construction and new urbanization
Insurance funds have natural advantages in serving major national projects and capital markets. China Life Insurance Company focuses on major national projects and constantly improves the ability of insurance funds to serve the real economy. In recent years, serving the real economy has achieved initial results.
Since 20 16, China Life Insurance Company has invested 20 billion yuan to help build the Sichuan-East Gas Transmission Pipeline, expansion project and gas storage. The project spans Sichuan, Chongqing, Hubei, Jiangxi, Anhui, Jiangsu, Zhejiang and Shanghai. The total length of the pipeline is 2,229 kilometers, and the designed annual gas transmission capacity is 654.38+0.2 billion cubic meters. It is an important long-distance natural gas pipeline connecting the Yangtze River Economic Belt and benefiting hundreds of millions of urban and rural residents. The intervention of social capital will help to improve the construction capacity of Sinopec's natural gas pipeline network and market-oriented management and operation capacity, and help the implementation of the national Yangtze River Economic Belt development strategy.
In 2020, China Life invested in the Dalian Bay Cross-Harbour Tunnel Project under China Jiaojian. After the project is completed, it will provide Dalian with a new expressway running through the north and south, connecting "One Core" (the eastern core area) and "One Pole" (Jinpu New Area), effectively alleviating the "bottleneck" of urban traffic and promoting the integration of Diamond Port and the two sides. Dalian Bay subsea tunnel project adopts the construction technology of "large cross-section subsea immersed tunnel", which is the second cross-sea immersed tunnel in China after the Hong Kong-Zhuhai-Macao Bridge. Known as "Dalian's Super Project", it was selected as the second batch of typical cases of PPP projects by the National Development and Reform Commission. The investment and construction of this project will be conducive to the development of Dalian's transportation infrastructure, the construction of a modern regional central city, the efficient concentration of talents and other resources, the promotion of the economic and population carrying capacity of central cities and urban agglomerations, and the overall revitalization and development of Northeast China.
20021China Life invested 654.38+0.5 billion yuan in the debt investment project of infrastructure in Yunnan, supporting the reconstruction and expansion project of Zhaotong-Huize Highway (hereinafter referred to as "Zhao Hui Expressway") under Yunnan Communications Investment and Construction Group Co., Ltd. As a major national project approved by the National Development and Reform Commission, Zhao Hui Expressway is an important part of the north-south vertical line "Kunming-Chongqing Expressway" in the national expressway network planning. It is the only expressway from Kunming to Liangshan Prefecture. The completion and opening of the Shenzhen-Zhao Hui Expressway will play an important role in strengthening the interconnection between Yunnan and Liangshan Prefecture and promoting the passenger flow, logistics and cultural exchanges between Liangshan Prefecture and the outside world.
In the first quarter of 2022, China Life Insurance Company invested RMB 654.38+0 billion through the Urumqi Common Ditch Infrastructure Debt Investment Project, which promoted the infrastructure construction of Urumqi as the core node city of the Silk Road Economic Belt, improved the supply capacity and level of public services, and fully assisted the strategy of developing the western region.
Promote the development of strategic emerging industries
China Life focuses on supporting the development of modern industrial system, supporting the development of strategic emerging industries and advanced manufacturing industries, increasing investment in high-quality enterprises in key core technology fields, and giving full play to the financial advantages of insurance institutions, forming a development direction with the goal of investing in projects that meet the strategic deployment of the country as a "science and technology power", and promoting the landing of China Life's science and technology national life and comprehensive management strategy.
In 20 16, China Life participated in the investment of the National Science and Technology Major Special Achievements Transformation Fund jointly sponsored by the Ministry of Science and Technology and SDIC Group. The Fund focuses on serving the transformation of major national scientific and technological achievements. This project has well implemented China Life's innovation-driven development strategy and accelerated the transformation and application of major national scientific and technological achievements.
In the same year, in order to further implement the strategic deployment of the Party Central Committee to build a "healthy China" and seize the development opportunity of digitalization and intelligent transformation and upgrading of the medical and health industry, China Life invested in the China Life Health Equity Investment Fund (Limited Partnership) established by China Life Equity Investment Co., Ltd., actively deploying leading enterprises in basic medical services, emerging biomedicine, digital medical care and other industries to help the country's innovative development in the medical and health field.
On the basis of the good operation of the above funds, China Life continued to increase its investment layout in the fields of scientific and technological innovation and its application. 202 1 Invest in China Life Science and Technology Innovation Fund focusing on "Digital Economy". During the year, it is planned to participate in the new phase of scientific and technological achievements transformation fund initiated by SDIC Group, Ministry of Science and Technology and Guangdong Provincial Government. In addition to adhering to the investment direction of hard science and technology and scientific and technological innovation, this fund efficiently undertakes the cutting-edge scientific and technological achievements of Guangdong-Hong Kong-Macao Greater Bay Area, which is of great strategic significance for overcoming the national technical problem of "sticking the neck".
Serve the reform of state-owned enterprises and the development of private and small and micro enterprises.
Both state-owned enterprises and private enterprises are important components of a highly socialist market economic system. China Life Insurance Company supports state-owned enterprises to enhance their competitiveness and become stronger and better. 20 19 invested 9 billion yuan to lead the project of Qinghai Yellow River Upstream Hydropower Development Co., Ltd. (hereinafter referred to as "Qinghai Yellow River Hydropower"), a core clean energy investment platform under the State Power Investment Group, to mix reform and introduce strategic investors. Qinghai Yellow River Hydropower is the leading clean energy power generation enterprise in China, the core supporting power supply enterprise of Northwest Power Grid, and also an important support point for power transmission from west to east. This capital increase is used for the main business of hydropower development in Qinghai Yellow River, supporting industrial investment projects and industrial upgrading projects related to clean energy, supplementing working capital and repaying loans. This project is the largest mixed ownership reform project of central enterprises in that year, and it is an important practice to implement the policies of the CPC Central Committee and the State Council to actively develop the mixed ownership economy and promote the simultaneous development of various ownership capitals.
Under the epidemic situation in COVID-19, China Life Insurance Company quickly launched and comprehensively promoted the exclusive group insurance protection scheme of "Caring Insurance", which extended the liability for death and disability caused by new crown pneumonia infection to the existing group accident insurance products, further helped small and medium-sized enterprises to resume their work and production, ensured the personal safety of their employees in a specific period, actively helped enterprises to build a risk prevention and control barrier, and * * * shared the epidemic situation and tide over the difficulties. In view of the difficulties of small and medium-sized enterprises in a special period, in order to facilitate small and medium-sized enterprises to buy other commercial employee welfare insurance for their employees in a special period, China Life Insurance Company will realize paperless online insurance for the exclusive scheme of employee welfare insurance for small and medium-sized enterprises and launch a "face-to-face visa-free" acceptance service.
China Life Insurance Company will continue to play the role of "shock absorber" of insurance economy and "stabilizer" of society, adhere to people's feelings, achieve high-quality development in serving the overall situation of the country and satisfying people's yearning for a better life, and let "financial living water" directly reach enterprises and people, thus contributing to the Chinese dream of promoting common prosperity and realizing the great rejuvenation of the Chinese nation.