天天基金网·2025-06-13 07:10Core Viewpoint - The article discusses the latest developments in the third batch of insurance funds' long-term stock investment pilot program, highlighting significant investments by major insurance companies like Xinhua Insurance and China Life [1][7]. Group 1: Investment Details - Xinhua Insurance plans to invest up to 15 billion yuan in a private fund managed by Guofeng Xinghua, specifically the Guofeng Xinghua Honghu Zhiyuan Phase III Private Securities Investment Fund [2]. - The fund has a total size of 22.5 billion yuan, with both Xinhua Insurance and China Life each contributing 11.25 billion yuan [3]. - The fund aims for steady dividend income through low-frequency trading and long-term holding of stocks, focusing on large listed companies that meet specific governance and operational criteria [4]. Group 2: Fund Structure and Duration - The private fund has a duration of 10 years, with the possibility of extension following procedural changes [5]. - It will be raised through a non-public offering to qualified investors, with a fundraising period not exceeding three months from the start of the fund's share sale [6]. Group 3: Policy and Strategic Alignment - This investment aligns with national policies promoting long-term capital market entry and reflects Xinhua Insurance's strategic direction towards long-term, value, and stable investments [7]. - The third batch of pilot programs has a total approved amount of 60 billion yuan, with various insurance companies participating, including smaller firms [7][14]. - The long-term investment pilot program aims to alleviate investment bottlenecks for insurance funds, enhancing their role as market stabilizers and promoting healthy interactions with the capital market [15].