Huan Qiu Wang·2025-08-01 07:10Core Insights - The establishment of the Taibao Zhiyuan No. 1 private securities investment fund marks an increase in the number of insurance-backed private securities investment funds in China to six, managed by three insurance-related private fund companies [1][3] Group 1: Fund Establishment and Management - The Taibao Zhiyuan No. 1 fund was established on July 23 and completed its filing on July 28, with a target size of 20 billion yuan [3] - Prior to Taibao Zhiyuan No. 1, five other insurance-backed private securities investment funds were already operational, with four managed by Guoshou Asset and Xinhua Asset through Guofeng Xinghua (Beijing) Private Fund Management Co., Ltd. [3] - The first insurance-backed private fund, Honghu Zhiyuan, was jointly initiated by Xinhua Insurance and China Life, with a total scale of 50 billion yuan fully deployed by March of this year [3] Group 2: Fund Sizes and Contributions - The second phase of the Honghu Zhiyuan private securities investment fund was established on May 27, with a total scale of 20 billion yuan, with Xinhua Insurance and China Life each contributing 10 billion yuan [3] - The first and second funds of the Guofeng Xinghua Honghu Zhiyuan third phase were established on July 7, with the first having a scale of 22.5 billion yuan, and contributions from Xinhua Insurance and China Life of 11.25 billion yuan each [3] - The Taikang Stable Phase I private securities investment fund was established on June 18 and began investing on June 27, managed by Taikang Asset [4]