新资金入市！第10只险资私募基金，开始投资运作

Core Viewpoint - The article discusses the recent developments in the long-term investment pilot program for insurance funds in China, highlighting the establishment of new private equity funds and the participation of various insurance companies in this initiative [1][4]. Group 1: New Fund Establishments - The "Sunshine and Far Fund" has been officially registered and is now operational, marking it as the 10th insurance-related private equity fund to begin investment activities [2]. - The fund was established on November 21, 2025, and is managed by Sunshine Hengyi (Qingdao) Private Fund Management Co., Ltd., which is a subsidiary of Sunshine Insurance [2][4]. - Sunshine Life intends to invest 20 billion yuan in the fund, representing 100% of the fund's issuance [4]. Group 2: Investment Scope and Strategy - The Sunshine and Far Fund focuses on equity assets, including stocks from the CSI 300 Index, Hong Kong Stock Connect Index, related ETFs, and index funds, aiming for long-term capital preservation and appreciation [4]. - The fund has a duration of 10 years, with provisions for extension or early termination as per the fund contract [4]. Group 3: Pilot Program Overview - The long-term investment pilot program for insurance funds has seen a total of 222 billion yuan approved across three batches, with participation from major insurance companies such as China Life, New China Life, and others [5]. - Seven insurance-related private equity fund management companies have been established, with a total of 10 private equity funds now in operation [5]. - The pilot program has received supportive policies related to accounting measurement and solvency, which help mitigate profit volatility for insurance companies investing in equity assets [7].