Insurance funds, such as China Life Asset Management, invest $1.6bn in China's chip industry to support tech companies throughout their life cycle.
Insurance funds are increasingly investing in the technology sector, particularly in the chip industry, to meet the financing needs of tech companies throughout their entire life cycle. China Life Asset Management Co Ltd (CLAMC) set up a $1.6bn S fund to invest in the government-backed Shanghai Integrated Circuit Industry Investment Fund. Insurance capital, with its long-term and value investment focus, supports the production of high-end equipment, industry incubation, and strategic emerging industries.
May 27, 2024
3 Articles