Railway development fund is the diversified railway investment and financing market supported by the central government and guided by the financial fund. As the preferred shareholder,China Life invested RMB14 billion in China Railway Development Fund Co., Ltd. The term is 15 years. The fund is mainly invested inrailway construction projects and other business projects approved by the state. Railway development fund innovates the mode of cooperation between China Life and large central enterprises, and meets strategic requirements of B&R Initiative of the central government under the current situation.