China Life Plans to Invest Up to 4.5 Billion Yuan in Qingdao Equity Fund
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China Life Insurance Company announced on September 24 that its board of directors has approved the establishment of a limited partnership, Qingdao Chengxin Zhida Equity Investment Center, with related parties and other investors. The total proposed capital contributions from all partners will not exceed 6 billion yuan, with China Life committing up to 4.5 billion yuan. The board reviewed and passed the relevant resolution on September 24, 2026, and the company expects to sign the partnership agreement and ancillary agreements by December 31, 2026. The announcement was sourced from TradeAlpha, a domestic financial news outlet.
Source report
September 24 – China Life Insurance Company announced that its board of directors has approved the establishment of a joint partnership with related parties and other investors.
The partnership, to be named Qingdao Chengxin Zhida Equity Investment Center (Limited Partnership), will have total subscribed capital contributions of no more than RMB 6 billion. China Life plans to contribute up to RMB 4.5 billion.
Key details:
- The board of directors reviewed and approved the relevant proposal on September 24, 2026.
- The partnership agreement and ancillary agreements are expected to be signed on or before December 31, 2026.
Source
domesticNeutral / independent
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