By Kate Yuan

China Life (中国人寿), China’s top insurance company, has invested RMB1.99 billion ($274.62 million) in the core business platform of the state-owned China Electronics Corporation (CEC, 中国电子) to develop its "PKS" product system of computing and advanced chips, the company announced recently.

"The money was raised through an equity investment plan initiated by the asset management company of China Life.

Founded in 1989, Shenzhen-based CEC owns the key technologies of computer CPUs and operating systems. It has built a safe and advanced computing system "PKS" that is compatible with the mobile ecosystem and comparable to the international mainstream architectures.

"PKS" covers software and hardware, security, network, and applications. "P" stands for Phytium CPU, "K" for Kylin OS, and "S" for security.