CHINA TAIPING(HK:00966) Zhong Guo Ji Jin Bao·2025-08-09 05:02Core 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 capabilities in the capital market [1][3]. Company Summary - Taiping Asset, established in September 2006, is one of the first nine insurance asset management companies in China, with a shareholder structure comprising China Taiping Holdings (80%) and Belgium's Fortis Group (20%) [3]. - As of the end of 2024, Taiping Asset's total managed assets are expected to exceed 1.5 trillion yuan (approximately 1.5 trillion RMB) [3]. Industry Summary - The establishment of private fund companies by insurance institutions is part of a broader trend encouraged by regulators to increase long-term capital market participation [5]. - Since 2025, several insurance companies have been actively setting up private fund companies, including Ping An Asset Management and Taikang Asset Management, with initial fund sizes reaching 300 billion yuan and 120 billion yuan respectively [5]. - The establishment of these funds allows insurance capital to directly participate in capital market investments, leveraging the long-term investment advantages of insurance funds [5]. Investment Strategy - Taiping Asset plans to implement strict fund operation management and establish a long-term assessment mechanism, focusing on investment strategies that align with the characteristics of insurance capital [3]. - The company emphasizes a commitment to long-term, value, and prudent investment principles, aiming to contribute to the stability of the capital market and support high-quality development of the real economy [3].