CHINA LIFE (02628.HK) +0.800 (+4.510%) Short selling $185.98M; Ratio 11.397% Chairman Cai Xiliang stated at a forum that the group's outstanding investment supporting "technological self-reliance and self-strengthening" had surpassed RMB300 billion as of the end of May, 2025, with outstanding loans to tech enterprises exceeding RMB240 billion.Cai described insurance funds as the retirement and life savings of ordinary people, so there are high safety requirements for their use. However, early-stage tech companies carry high risks and uncertainties, making it naturally difficult for insurance funds to invest early or in small amounts.To address this challenge, China Life is actively exploring innovative S Fund incentive investment models. For instance, the group invested in 2023 RMB11.8 billion by acquiring equity in the Shanghai Integrated Circuit Industry Fund through S shares, which marked the successful exploration of an incentive investment model for insurance funds and government industrial guidance funds, enhancing government fund utilization efficiency and meeting the investment principles of insurance funds.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 16:25.)