This is one of the more interesting parts: the takeover of the group’s life insurance arm by a new state-owned entity. I've always had the impression that Xi was not all that impressed by China's move from a collective economy to a capitalist one. Yes, he and all other Chinese enjoyed the boom times of the 80's through to 2020, but now that those good times are over, he will probably use this as an opportunity to return to a more controlled economy.