China Life: The market equity scale increased by 150 billion yuan at the end of June compared to the beginning of the year, with a cumulative investment of 35 billion yuan in the Honghu Fund.
At the mid-year performance conference held on the 28th, China Life Insurance Chairman Cai Xiliang introduced that in the first half of the year, the company supported the capital market with high-quality incremental support, steadily promoted the entry of medium and long-term funds into the market, and the scale of public market equity increased by 150 billion yuan compared to the beginning of the year; as of the end of June, China Life Insurance has accumulated 35 billion yuan in investments in the Honghu Fund. The semi-annual report shows that as of June 30, China Life Insurance's investment assets were 7.13 trillion yuan, an increase of 7.8% from the beginning of the year. The ratio of stocks and funds allocation increased from 12.18% at the beginning of the year to 13.60%; among them, the amount of stocks was 620.137 billion yuan, accounting for 8.70%, an increase of 1.12 percentage points.
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