Zhong Guo Zheng Quan Bao·2025-09-03 05:14Group 1 - The core viewpoint of the article highlights the increasing clarity of long-term investment paths by insurance capital-based private equity funds as they disclose their holdings following the release of listed companies' semi-annual reports [1][2] - Major energy and infrastructure companies such as China Petroleum, China Shenhua, and Daqin Railway have attracted significant investments from these funds, indicating a clear focus on long-term and value investment strategies [1][2] - As of now, there are seven insurance capital-based private equity funds with a total pilot amount of 222 billion yuan [1][6] Group 2 - The report reveals that the Guofeng Xinghua Honghu Zhiyuan Phase II private equity fund has become the sixth largest circulating shareholder of China Petroleum, holding over 217 million shares valued at approximately 1.857 billion yuan as of the end of Q2 [2] - The same fund has also entered the top ten shareholders of China Shenhua, holding over 52 million shares valued at around 2.116 billion yuan [2] - The Honghu Zhiyuan Phase III private equity fund has emerged as the eighth largest shareholder of Sinopec, holding 305 million shares valued at over 1.7 billion yuan, and as the fourth largest shareholder of Daqin Railway, holding 298 million shares valued at over 1.9 billion yuan [2] Group 3 - Recently, another insurance capital-based private equity fund, Hengyi Holding (Shenzhen) Private Fund Management Co., Ltd., has completed its registration with a first-phase fund size of 30 billion yuan, focusing on long-term and value investments [4][5] - The insurance capital long-term investment reform pilot has seen three batches approved, with a total pilot amount of 222 billion yuan [6]