PICC vice president Cai Zhiwei told the insurer's 2026 interim results briefing
that PICC's 2021 investment in ChangXin Memory Technologies delivered a return
exceeding 20x, calculated using ChangXin's STAR Market IPO closing price on July
27, 2026. Cai said PICC will maintain a long-term investment approach and that
its project pipeline already contains a number of high-quality assets expected
to generate strong returns.
