It has been reported that recently, China Life Insurance Asset Company, as a trustee, utilized entrusted funds from China Life Insurance Company and three other Institutions to participate in the "Ansteel Group Capital Increase and Investment Project," with a total scale of approximately 10.5 billion yuan. It is understood that the funds from this project are primarily directed towards Ansteel Group's core subsidiaries, Benxi Steel and Pangang Mining, which can promote the optimization and upgrading of traditional industries, rejuvenate the development of old industrial bases, and support the construction of a modern industrial system while implementing the national strategic plan for coordinated regional development such as revitalizing Northeast China and the Chengdu-Chongqing economic circle. By the end of the third quarter of 2024, the total investment scale of insurance funds directly serving the real economy from China Life Insurance Group is nearly 4.9 trillion yuan. (Financial Alliance)