Zhong Guo Ji Jin Bao·2025-10-03 06:16Core Insights - Two insurance-related private equity funds, Renbao Qiyuan Huizhong and Taiping Private Equity, have completed their registration as private fund managers, indicating a significant development in the long-term stock investment pilot program for insurance capital in China [1][9]. Group 1: Renbao Qiyuan Huizhong - Renbao Qiyuan Huizhong (Beijing) Private Fund Management Co., Ltd. was established on August 18, 2025, and completed its registration on September 30, 2025, with a registered capital of 10 million yuan [3][4]. - The company is fully owned by China Renbao Asset Management Co., Ltd., which has been approved to participate in the second batch of long-term stock investment pilots with a scale of 10 billion yuan [5]. - The management team includes Mai Jing, the legal representative and general manager, who has extensive experience in investment management [6][7]. Group 2: Taiping Private Equity - Taiping (Shenzhen) Private Securities Investment Fund Management Co., Ltd. was established on August 29, 2025, and completed its registration on September 29, 2025, also with a registered capital of 10 million yuan [10][11]. - The company is fully owned by Taiping Asset Management Co., Ltd., which aims to respond to the long-term investment reform pilot for insurance capital [12]. - The management team is led by Liu Yang, who has held various senior positions within Taiping Asset Management [12][13]. Group 3: Industry Context - The long-term investment pilot program for insurance capital has seen three batches, with a total approved investment amount of 222 billion yuan, involving several major insurance companies [17]. - The initiative aims to gradually expand the range of participating institutions and the scale of funds, promoting the entry of long-term capital into the stock market [16][17].