China Life Insurance revealed on the evening of July 20 that the eight asset management plans under the company's name collectively sold about 1.1092 million shares of GigaYi Innovation on July 8. The reduced holdings price ranged from 611.46 yuan to 624.61 yuan. The total amount of cash packages was about 685 million yuan. All transactions were confirmed on the same day. Since the timing of the purchase was not known, it is still difficult to estimate the benefits of these 8 asset management plans. The announcement also revealed that of the 8 asset management plans mentioned above by the company reduced its holdings by Mega Easy Innovation, 7 were set up in cooperation with Huitianfu and 1 was established in cooperation with Huaxia Fund. The investment direction included two major types of balance and growth. Judging from the names of asset management products, corresponding accounts include four types: traditional, universal insurance A, universal B, and dividends.

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