作者 | 孙建楠 编辑 | 袁畅 作为国有大型保险机构中，权益投资特点最鲜明的机构之一，新华保险的投资动向颇令人关注。 8月29日晚间，新华保险正式披露半年报，"进取"的投资风格和不菲的上半年业绩，大大激励了投资者的情绪。 此时，回看新华保险在2025年内的涨幅，35.59%的涨幅，恰好于上半年的净利润增幅遥相呼应（下图）。 同时，伴随着新华保险半年报的公布，新华和国寿联合创设的千亿级险资私募鸿鹄基金的最新投资细节也被详细"披露"了 出来。 作为， 计划投资规模超1000亿的超级巨无霸，国内排名前五名的大型私募机构，鸿鹄一起已经挣了的良好回报，预计也会 激励保险业不断通过长期股票投资试点机制入场A股。 险资巨头的股市操盘细节，值得一看。 01 上半年怒挣148亿元 众所周知，新华保险的投资业务在内地险企中是有非常悠久的历史，且业绩弹性也一向非常充足。 而作为年内股价涨势"凶猛"的上市险企，新华保险的此份业绩中报可谓备受关注，其投资表现成为整个寿险行业的"风向 标"。 半年报显示： 新华保险上半年实现营业收入700.41亿元，同比增长25.99%；归母净利润147.99亿元，同比增长33.53%。 另外，新华保 ...

Group 1 - China Life and Xinhua Insurance are collaborating to establish a private equity fund with a scale of 20 billion yuan, named Guofeng Xinghua Honghu Zhi Yuan Phase II, focusing on large listed companies that meet the criteria in the CSI A500 index [1] - In February 2024, China Life and Xinhua Insurance jointly established the Honghu Zhi Yuan Fund with a total scale of 50 billion yuan, marking it as the first insurance capital private equity securities investment fund in China [1] - As of April 29, 2025, a total of 216 private equity A500 index enhancement products have been registered, with 80.56% of them being from 54 large private equity firms, totaling 174 products [1] Group 2 - The enthusiasm for registering private equity A500 index enhancement products has increased significantly in 2025, with 164 products registered, accounting for 75.93% of the total [2] - Large private equity firms are the main contributors to the registrations, with 17 firms registering 141 products, which represents 85.98% of the total registered private equity A500 index enhancement products [2] - The top three firms in terms of registration numbers are Black Wing Asset, Kuan De Private Equity, and Century Frontier, with 38, 37, and 16 products registered respectively [2]