The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← China Life

Posture

consolidating

high confidence · as of 2026-07-26 · about China Life

The most state-directed insurer — pulled back from international capital markets (delisted its US ADS, final trade Sep 1 2022), no offensive overseas expansion; domestic life pool deploying at state direction (e.g. $3.5B into the Honghu private fund, 2023).

Sourced figures 1


the working

Basis

The most state-directed insurer — pulled back from international capital markets (delisted its US ADS, final trade Sep 1 2022), no offensive overseas expansion; domestic life pool deploying at state direction (e.g. $3.5B into the Honghu private fund, 2023).

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to China Life.