Nan Fang Du Shi Bao·2025-05-22 23:08Core Viewpoint - Insurance funds are accelerating their entry into the market under ongoing regulatory guidance, with several insurance companies, including Sunshine Insurance, actively participating in long-term investment reforms, which will inject more stability into the capital market [1][4][6]. Group 1: Sunshine Insurance's Initiatives - Sunshine Insurance announced the establishment of a private fund with a total scale of 20 billion yuan, focusing on long-term investments in various financial instruments, including equity and fixed income [2][3]. - The fund will primarily invest in components of the CSI 300 Index and the Hang Seng Stock Connect Index, as well as related ETFs and index funds, aiming to enhance the company's engagement with the capital market [2][3]. - The fund is currently in the preparatory stage and has not yet been formally established, pending approval from the company's shareholders and completion of registration and filing procedures [3]. Group 2: Broader Industry Participation - Other major insurance companies, such as China Life and Ping An, are also increasing their involvement in long-term investment reforms, with China Life recently approved to participate in the third batch of reforms [4][5]. - China Life and Xinhua Insurance have jointly established the Honghu Fund with a total scale of 50 billion yuan, which is set to officially start investments in March 2024 [4]. - Ping An and Taikang Insurance have also received approvals for their respective long-term investment initiatives, with Taikang's initial investment scale expected to be 12 billion yuan [4]. Group 3: Regulatory Support and Future Outlook - The National Financial Regulatory Administration plans to further expand the scope of long-term investment trials, with an additional 60 billion yuan expected to be approved for market injection [5][6]. - The overall scale of long-term investment trials is projected to reach 222 billion yuan, with ongoing efforts to encourage insurance companies to increase their market participation [6]. - Future measures will include adjustments to solvency regulations and incentives for insurance companies to invest a significant portion of new premiums in A-shares, promoting a stable and active capital market [6].