PICC Discloses Over 20-Fold Return on CXMT Investment, Plans Deeper Insurance-Investment Synergy

At its 2026 interim results briefing held on August 31, PICC disclosed that its investment in CXMT, made in 2021, has generated a return of more than 20 times, calculated based on CXMT's closing price on the day of its STAR Market listing on July 27, 2026. The investment, structured through a combination of fund and direct investment, has been held for five years. On the insurance side, PICC provided a range of insurance services and products during CXMT's early development, offering protection for the company's technological research and development efforts.

During the 15th Five-Year Plan period, PICC will adhere to a long-term investment philosophy and deepen its implementation of the "five major articles" in finance. The company will further leverage synergies across insurance and investment, primary and secondary markets, equity funds and direct investment, and equity and debt instruments. It will focus on key sectors and critical tracks aligned with national strategic directions and related to its insurance business, including artificial intelligence, technological innovation, green energy, advanced manufacturing, aerospace, biomedicine, and the construction of the "six networks." PICC aims to build an investment model that enables two-way empowerment between insurance and investment, deepening the effectiveness of their linkage. Additionally, the company has already built a pipeline of high-quality projects in its project reserve pool.