{"id":23119,"date":"2026-07-12T21:25:07","date_gmt":"2026-07-12T21:25:07","guid":{"rendered":"https:\/\/jobuzo.com\/en\/china-life-sets-up-chip-fund-to-support-long-term-innovation\/"},"modified":"2026-07-12T21:25:07","modified_gmt":"2026-07-12T21:25:07","slug":"china-life-sets-up-chip-fund-to-support-long-term-innovation","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/china-life-sets-up-chip-fund-to-support-long-term-innovation\/","title":{"rendered":"China Life sets up chip fund to support long-term innovation"},"content":{"rendered":"
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Companies backed by the state and provincial governments in China have announced new funds to focus on the semiconductor industry, which requires a large amount of time and resources to grow, at a time when the country is in need of more “patient capital”.<\/p>\n

China Life Insurance, the country’s largest life insurer, backed by the State Council, said it would establish a partnership with total capital of 5 billion yuan (US$737 million) that “principally invests in companies operating in the semiconductor industry”, according to Friday filings to both main bourses in Hong Kong and Shanghai.<\/p>\n

The fund, jointly formed with a China Life sister company, would finance chip design firms and others that have “accumulated substantial technical know-how and resources in the semiconductor industry, with distinctive core technological advantages and a well-established research and development system”, according to the filings.<\/p>\n

The insurer said that “as a significant force of state-owned capital”, its involvement in “strategic emerging industries such as semiconductors” not only fulfilled its responsibility to support national strategies, but also served as a “concrete manifestation of its role as a provider of long-term and patient capital”.<\/p>\n

The move comes as the ruling Communist Party’s top theoretical journal ran commentaries for three days straight last week, urging the cultivation of “patient capital”.<\/p>\n

In three posts penned by Xu Siwei, chairman of the state-owned investment firm China Reform Holdings, for the Qiushi journal, he argued that long-term investment willing to tolerate greater risk and longer return cycles would be an important source of strength for China amid rising great-power competition on the global stage.<\/p>\n

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An employee packages semiconductor power devices for export in Fuzhou, in China’s central Jiangxi province. Photo: Getty Images<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n
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China Life sets up chip fund to support long-term innovation<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Companies backed by the state and provincial governments in China have announced new funds to focus on the semiconductor industry, which requires a large amount of time and resources to grow, at a time when the country is in need of more “patient capital”. China Life Insurance, the country’s largest life insurer, backed by the…<\/p>\n

Read More “China Life sets up chip fund to support long-term innovation”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":23120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/23119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=23119"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/23119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/23120"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=23119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=23119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=23119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}