China Life Insurance Asset Company announced that recently, as a trustee, it used funds entrusted by China Life Insurance Company and three other Institutions to participate in the 'Ansteel Group's Capital Increase and Strategic Investment Project', with a total scale of approximately 10.5 billion yuan. The funds for this project are mainly directed towards Ansteel Group's core subsidiaries, Benxi Steel and Pangang Mining. As of the end of the third quarter of 2024, the total insurance funds of the group directly serving the real economy had amassed nearly 4.9 trillion yuan. (wl/k)

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