On July 20th, China Life Insurance (Group) Company announced its position as one of the largest professional institutional investors in China's capital markets. The company stated its firm confidence in the bright prospects of the Chinese economy and the long-term positive trajectory of the capital markets.

The group's asset management arm, China Life Asset Management Company, is committed to adhering to the principles of long-term, value-based, and prudent investment with insurance funds. It will continue to leverage its mechanisms for facilitating the entry of medium to long-term capital into the markets.

The company aims to seize strategic allocation opportunities, optimize and enhance the structure and proportion of its equity investments, and increase allocations to key areas such as the modern industrial system and new quality productive forces. This strategy is designed to provide the capital markets with a long-term and stable supply of funds.

By participating in the virtuous cycle of the capital markets, the company seeks to promote the enhancement of corporate value and contribute to improving the medium to long-term returns and sense of gain for investors.

The group further disclosed that in recent days, its asset management company has been actively and efficiently increasing its allocations at corresponding market levels. Its daily net purchases of equity assets, including A-shares and on/off-exchange funds, have exceeded 10 billion yuan.