China Life Insurance establishes a private equity fund in Chongqing for the elderly care industry with a capital contribution of 8.5 billion yuan.

Tianyan Cha App shows that recently, Chongqing National Life Pension Industry Private Equity Investment Fund Limited Partnership was established, with Chongqing National Life Pension Industry Investment Management Co., Ltd. as the executive managing partner. The total investment amount is 8.5 billion RMB, and the business scope includes private equity fund equity investment, investment management, asset management, and other activities. The partners information indicates that the fund was jointly funded by China Life and Chongqing National Life Pension Industry Investment Management Co., Ltd.