China Life to invest in infrastructure REITs via partnership

China Life Insurance Company (SSE: 601628) announced a related-party transaction to invest in infrastructure REITs. The company, along with Beijing Shoujing Investment and CCLC Life Insurance, will partner with China Life Investment Management, Beijing Langjia Private Equity Fund Management, and Chichi Enterprise Management to establish a limited partnership, named Beijing Pingzhun Infrastructure Real Estate Investment Fund Partnership. The total committed capital is RMB 5.237 billion, with China Life contributing RMB 3.5 billion. China Life Capital Investment will act as the manager of the partnership. This investment aims to capitalize on national strategies and collaborate with partners in the infrastructure REITs sector, seeking to generate returns through the partnership. The investment falls within the company's normal business operations.