Bei Jing Shang Bao·2025-08-08 11:13Core Viewpoint - China Taiping's subsidiary, Taiping Asset, has received approval from the National Financial Regulatory Administration to establish Taiping (Shenzhen) Private Securities Investment Fund Management Co., aiming to enhance long-term investment in the capital market [1] Group 1: Company Developments - Taiping Asset's total asset management scale is expected to exceed 1.5 trillion yuan by the end of 2024 [1] - The establishment of the private securities investment fund company is part of a response to the reform pilot for long-term investment of insurance funds [1] - Taiping Asset plans to implement strict fund operation management and establish a long-term assessment mechanism tailored to the characteristics of insurance capital [1] Group 2: Strategic Goals - The company aims to increase the investment of medium- and long-term funds in the capital market, reinforcing its role as a "stabilizer" and "ballast" for the economy [1] - China Taiping expresses confidence in the development prospects of the Chinese economy and capital market, committing to its responsibilities as a central enterprise [1] - The investment philosophy of "long-term investment, value investment, and prudent investment" will guide the company's efforts to support high-quality economic development [1]