掘金“国产GPU双雄”！险资积极布局硬科技赛道

Group 1 - The recent IPOs of domestic GPU companies, Moore Threads and Muxi Co., have reignited market interest in the hard technology sector, with several insurance funds indirectly investing in these companies through private equity channels [1] - Muxi Co.'s IPO prospectus reveals that China Life's Shenzhen Technology Innovation Private Equity Investment Fund holds 3.417 million shares, representing 0.85% ownership post-IPO [3] - Shenzhen Hancheng Venture Capital Fund, as the seventh largest shareholder of Muxi Co., holds 12.5041 million shares, accounting for 3.13% ownership, with multiple insurance companies involved in the fund [3] Group 2 - Moore Threads has also attracted interest from insurance capital, with Harmony Health Insurance and other insurance-related private equity funds listed among its shareholders [3] - During the strategic allocation phase of Moore Threads' IPO, China Insurance Investment Fund was allocated 4.3752 million shares [3] - Insurance funds have increasingly established or participated in private equity funds focused on technology investments, such as China Pacific Insurance's 30 billion yuan fund targeting key areas in Shanghai's state-owned enterprise reform [4] Group 3 - In addition to private equity funds, insurance capital is actively participating in technology innovation investments through various models, with over 300 listed companies becoming significant shareholders of insurance funds in Q3 [5] - The manufacturing sector represents the highest proportion of these investments, with over 200 individual stocks involved and a total market value exceeding 45 billion yuan by the end of Q3 [5] - Insurance asset management institutions can invest across multiple asset classes, providing a wide range of financial tools to meet the financing needs of technology innovation industries [5]