China Life Insurance (601628.SH) plans to invest 4.999 billion yuan to establish joint ventures with related parties to focus on investing in semiconductor industry companies

Zhitong Finance App News, China Life Insurance (601628.SH) announced that the company plans to enter into a partnership agreement with China Life Insurance Investment Management Co., Ltd. (“China Life Insurance Industry”) (as a general partner) by December 31, 2026 to establish a Tianjin Shenghe Xincheng Equity Investment Fund Partnership (limited partnership). The total amount of capital pledged by all partners of the partnership enterprise is 5 billion yuan, of which the company has pledged capital of 4.999 billion yuan and China Life Insurance Industry has pledged capital of 1 million yuan. China Life Capital Investment Co., Ltd. (“China Life Capital”) will act as the manager of the partnership.

The partnership will focus on investing in semiconductor industry companies. Currently, it is expected that the capital raised by the partnership will be invested in the shares of companies that provide process support services for design companies and other system companies (the “target company”), holding no more than 3% of the shares in the target company. The target company's products are mainly used in fields such as the digital economy, mobile communications, and high-end consumer electronics.