"Sell" Meguiar's innovations, the latest voice from China Life

On July 20, China Life Insurance's official website published a related party transaction announcement showing that the company's 8 separate asset management plans sold a total of approximately 1.1097 million shares of ZTE Corporation on July 8, realizing approximately 682 million yuan. The average selling price of different asset management plans ranged from 611.46 yuan/share to 624.61 yuan/share. This divestiture occurred as the stock price of ZTE Corporation was in the process of falling from its peak but still at a relatively high level. Several industry insiders analyzed that the above divestiture reflects the style characteristics of insurance funds pursuing absolute returns, but it does not affect the positive outlook on the long-term investment value of the technology growth track. Meanwhile, in recent years, China Life Insurance has increased its market-oriented entrusted investment efforts. The above-mentioned single asset management plans, as market-oriented entrustment and entrusted vehicles, divesting individual stocks falls within the normal scope of daily investment management by the manager. China Life Insurance stated that the company's stock manager's increase or divestment of stocks in the secondary market is a normal investment behavior based on investment needs.