| China Life |
As one of the largest domestic institutional investors, China Life has played an active role in utilizing the insurance capital to serve the development of the national economy. It has effectively invested in a series of major projects and participated in some large-scale capital operations, thus making great contributions to national economic development, financial institutional reform and IPOs of state-owned enterprises.
China Life made equity investment in Southern Grid and Guangdong Development Bank, participated in the directional add-issuance plans of CITIC Securities and Minsheng Banking Corporation Ltd., and subscribed for shares in the A-share and H-share IPOs of such key state-owned enterprises and financial institutions as Bank of China, China Merchants Bank, Industrial and Commercial Bank of China, Bank of Communications, China Citic Bank, Air China, Dalian-Qinhuangdao Railway Company Limited, China Communications Construction Company Limited, China National Coal Group Corporation and China National Heavy Duty Truck Group Co., Ltd.