In the contemporary landscape, our world is undergoing significant shifts and transformations, often perceived as a century of changeAgainst this backdrop, nations are grappling with intense external competition while making strides on domestic frontsWe find ourselves at a crucial crossroads where the transition from being an overlooked contender to a principal player is becoming increasingly palpableA critical factor influencing this evolution is the substantial role played by the domestic economy, particularly via tangible growth supported by financial systems.

Over the past years, as we have robustly expanded our real economy, we have also come to realize that true strength lies not only in the growth of the economy itself but also in the solid financial backing that supports this growthThis relationship is vital for long-term development, requiring the cultivation of what can be termed as 'patient capital'—an investment philosophy that prioritizes sustained support and wherewithal over immediate returns.

Financial resources are fundamentally about allocation, and how we govern and lead these resources is of utmost importanceThe essence of patient capital lies in its commitment to long-term investments that align with national growth trajectories, nurturing sectors and industries that promise to bear fruit over extended periods.

A burgeoning emphasis is being placed on patient capital as more governmental initiatives and financial entities, notably state enterprises, rally to enhance investments that foster national developmentThe China Life Insurance Company, part of the Fortune Global 500, exemplifies this ethos, acting as a pillar of such patient capital.

The distinguishing characteristic of patient capital is not only its long-term investment perspective but also its alignment with objectives that resonate with national aspirations—China Life's corporate mission beautifully encapsulates this vision: to serve the overarching strategy of national development while safeguarding the welfare of the populace

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This mission is not merely a statement; it consistently manifests in the company's operational strategies and projects.

China Life embodies three principal commitments that reflect its role as a bastion of patient capital in this new eraFirst, it chooses to invest strategically rather than chasing fleeting trendsNotable investments include nearly 535 billion yuan directed toward green initiatives, while total investments in emerging infrastructure and major construction projects exceed 540 billion yuan.

Secondly, China Life illustrates the essence of holding out for superior long-term returns, engaging in substantial investments to bolster the real economySignificant contributions have been made toward regional development strategies across pivotal economic zones like the Beijing-Tianjin-Hebei area, the Yangtze River Delta, and the Guangdong-Hong Kong-Macau Greater Bay AreaThe figures are impressive, with over 10 trillion yuan allocated in investments across these regionsMoreover, China Life is an instrumental player in rural revitalization, with investments nearing 975 billion yuan.

Finally, the focus of China Life extends towards bolstering vulnerable segments of society via insurance solutionsThe company navigates the complexities of social welfare by using insurance as a leverage point to bridge gaps in common prosperity initiativesFollowing this philosophy, it continually broadens the accessibility of inclusive insurance services, with significant reach into rural areasOver 360 million urban and rural residents now benefit from critical illness insurance as part of comprehensive health coverage.

China Life's dedicated efforts across the mainland underscore its commitment to the mission assigned to patient capitalFrom major national projects and innovative technological advancements to comprehensive urban planning and infrastructure initiatives, the company's involvement is notableInitiatives such as the Hualong One nuclear reactor design and strategic water diversion projects bear the hallmark of China Life's investments.

As an embodiment of patient capital, China Life not only contributes to the nation's ambitions but also reaps the benefits from its long-term strategic partnerships

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The returns—both material and intangible—flow as the country progresses, ultimately reinforcing the company’s growth and broader market contributions.

The company recently convened a strategic direction conference focused on pushing quality growth and reformThe proposed “333 Strategy” seeks to enhance its focus over the next five years by addressing critical areas such as elder care, health, and financial services, all while implementing robust systems aimed at improved collective growth.

This ambitious roadmap projects significant future outcomes—expectations of over 700 trillion yuan in insurance liabilities and 50 trillion yuan directly supporting the real economy indicate unwavering direction and momentum for China Life.

Clearly, China Life’s trajectory is not just about statistical milestones but reflects the ongoing commitment to support state growth and innovationIts inclusion in the annual rankings of both the Fortune China 500 and the Global 500 for over two decades speaks volumes about its enduring efforts to contribute positively to national development even amid challengesThese rankings represent achievements that accrue not only from organizational efficiencies but also from the alignment of corporate goals with state development policies.

The essence of the “333 Strategy” lies in its foresight, harmonizing the company’s ambitions with the evolving needs of society and national policyIn this environment characterized by dynamic challenges and fierce competition, there stands a resolute commitment to ensure that both the financial instruments and the economy interlink robustly.

As the global landscape shifts, the imperative now is to cultivate a distinct strategy that marries financial resilience with the tangible economy—staying true to the principles that guide patient capital aimed at cultivating real growthChina’s economy still has considerable room for enhancement, propelled by advancements in technology, innovation, and industrial evolution.

Throughout this journey, patient capital should extend beyond mere financial metrics; it must embody the spirit of cooperation and long-term sustainability

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