Zheng Quan Shi Bao·2025-04-29 11:29Group 1 - The core viewpoint of the news is that insurance capital is actively entering the market, with New China Life Insurance planning to invest up to 10 billion yuan in a private fund initiated by Guofeng Xinghua [1][3][4] - The private fund, tentatively named "Honghu Zhiyuan Phase II," has a total scale of 20 billion yuan, with both New China Life and China Life Insurance each contributing 10 billion yuan [3][4] - The investment strategy of the fund focuses on long-term investment, aiming for stable dividend income and capital appreciation through low-frequency trading and long-term holding [3][4] Group 2 - The fund will invest in large listed companies that are part of the CSI A500 index, specifically targeting A+H shares that meet certain criteria [3][4] - New China Life's investment aligns with national policies promoting long-term capital market participation and reflects the company's strategic direction towards long-term, value, and prudent investments [4] - The Honghu Fund, a previous initiative by New China Life and China Life, has successfully invested 50 billion yuan and achieved performance exceeding benchmarks, indicating a positive trend in insurance capital investments [4] Group 3 - The Honghu Fund has increased its holdings in Shaanxi Coal and maintained its position in China Telecom, becoming a significant shareholder in both companies [5][6] - As of the first quarter of 2025, the Honghu Fund held 116.34 million shares of Shaanxi Coal, with a market value of 2.30 billion yuan, despite a decline in stock price [5] - The fund also holds 76.17 million shares of China Telecom, with a market value of 5.98 billion yuan, reflecting a stable investment strategy amidst market fluctuations [6]