Hengyi Chiying will act as the fund manager to issue a contractual private securities investment fund to Ping An Life Insurance in a targeted manner, with the first phase of the fund having a scale of 30 billion yuan. The relevant person in charge of Ping An of China stated that the fund will focus on the concept of “long-term investment and value investment”, and prioritize the layout of high-quality listed companies that comply with policy guidance and the allocation needs of insurance funds. It will actively leverage the patient capital advantage of insurance funds to contribute to the high-quality development of China’s capital market.

On May 26th, Taikang Wenxing (Wuhan) Private Equity Fund Management Co., LTD. (hereinafter referred to as “Taikang Wenxing”) completed its filing. Taikang Wenxing will act as the fund manager to issue a contractual private securities investment fund to Taikang Life Insurance in a targeted manner. Taikang Life Insurance will be the single holder, and the initial investment scale is expected to be 12 billion yuan.

A relevant person in charge of Taikang Asset Management told The China Times, “As a long-term investment pilot fund, Taikang Stable Travel will take fundamental analysis as the starting point, carefully select high-quality listed companies in the domestic and Hong Kong markets, and pursue the medium and long-term stable appreciation of the fund’s assets under the premise of scientifically and strictly managing risks.”

On May 16th, Sunshine Insurance also announced that its subsidiary, Sunshine Asset Management, plans to initiate the establishment of a wholly-owned subsidiary as the fund manager, and the fund manager will initiate the establishment of the Sunshine Heyuan Private Securities Investment Fund. Its subsidiary, Sunshine Life Insurance, plans to invest 20 billion yuan in the fund, accounting for 100% of the fund’s offering share. The investment scope of this fund covers the constituent stocks of the CSI 300 Index, the constituent stocks of the Hang Seng Connect Index, and related index ETFs.

In addition, on May 9th, Beijing Baoshi Chengyuan Equity Investment Partnership Enterprise (Limited Partnership) was established. The executive partner is Zhongcheng Capital Management (Beijing) Co., LTD., with an investment of 13.001 billion yuan. Its business scope includes equity investment, investment management, asset management and other activities through private equity funds. Information from Tianyancha shows that Baoshi Chengyuan is jointly funded by PICC Capital Insurance Asset Management Co., LTD., a subsidiary of PICC, as well as Zhongyi Asset Management Co., Ltd. and Zhongcheng Capital Management (Beijing) Co., LTD.