The target scale of Taibao Zhiyuan No.1 Private Securities Investment Fund (provisional name, subject to the official filing name of the fund) is 20 billion yuan. According to Taibao, the fund aims to respond to the national call of “expanding the reform pilot of insurance institutions setting up private securities investment funds”, actively practice long-termism, leverage the advantages of patient capital, and improve the long-term equity asset allocation system. Focus on the core investment strategy of dividend value to facilitate the sustained and healthy development of the capital market.

China Pacific Insurance stated that as a leading comprehensive insurance group in the country, in recent years, it has always adhered to strategic determination, focused on the “five major articles” of finance, and at the same time, leveraged the long-term and stable advantages of insurance funds to continuously improve the insurance service supply for the three leading industries and technology enterprises in Shanghai. It has also focused on laying out strategic emerging industries such as medical health, advanced manufacturing, and artificial intelligence. We will steadily, deeply and solidly follow the path of high-quality development in serving the national strategy and the development of Shanghai.

Since the beginning of this year, in order to guide insurance funds to leverage their long-term capital advantages and serve the capital market and the real economy, regulatory authorities have continuously expanded the scale of long-term investment pilot projects around the goal of “long-term investment with long-term funds”. In May, many insurance companies such as Ping An of China, PICC, Sunshine Insurance, Taikang Asset Management and China Life Insurance successively established private equity funds.

The reporter of the China Times learned from a relevant person in charge of Ping An of China that Ping An Asset Management Co., LTD., a subsidiary of Ping An Group, has been officially approved by the Financial Regulatory Commission to establish Hengyi Chiying (Shenzhen) Private Fund Management Co., LTD. The company has a registered capital of 300 million yuan and settled in Qianhai, Shenzhen on May 30th.