Zhong Guo Zheng Quan Bao·2025-09-03 22:42Group 1 - A new insurance-funded private equity firm, Hengyi Chiying (Shenzhen) Private Fund Management Co., Ltd., has completed registration with an initial fund size of 30 billion yuan [1] - The total number of insurance-funded private equity firms has reached seven, with a combined trial amount of 222 billion yuan [1][2] - The investment strategy of these firms is focused on long-term and value investments, favoring leading companies in energy and infrastructure sectors such as China Petroleum, China Shenhua, and Daqin Railway [1][4] Group 2 - The first batch of insurance capital long-term investment reforms was approved in October 2023, with China Life and Xinhua Insurance each contributing 25 billion yuan to establish a 50 billion yuan company fund [2] - As of now, six insurance-funded private equity securities investment funds are operational, with significant holdings in major companies [2][3] - The Honghu Zhiyuan Fund has become a major shareholder in China Petroleum and China Shenhua, with holdings valued at approximately 1.857 billion yuan and 2.116 billion yuan respectively [2][3] Group 3 - The Honghu Zhiyuan series of funds emphasizes a long-term investment approach, focusing on stable dividend yields through low-frequency trading and long-term holding [4] - The total assets of the Honghu Zhiyuan Fund I reached 57.112 billion yuan, with a net profit of 9.68 billion yuan in the first half of the year [3][4] - Insurance companies are establishing private equity funds to leverage their long-term investment advantages, supporting the capital market and promoting stable, sustainable investment returns [4]