Group 1 - China Taiping's subsidiary, Taiping Asset, has received approval from the National Financial Regulatory Administration to establish Taiping (Shenzhen) Private Securities Investment Fund Management Co., Ltd. [1] - The long-term investment reform pilot for insurance funds aims to guide insurance companies to invest in private securities funds, primarily targeting the secondary market for stocks and holding them long-term [3]. - The first batch of pilot programs was approved in October 2023, with China Life and Xinhua Insurance each contributing 25 billion yuan to establish a company fund with a total scale of 50 billion yuan [3]. Group 2 - The second batch of approved pilot insurance companies includes eight firms with a total scale of 112 billion yuan, while the third batch has a total scale of 60 billion yuan [3]. - Taiping Life was approved to conduct pilot programs in March of this year as one of the second batch of insurance funds for long-term stock investments [3]. - Currently, six insurance-related private securities fund management companies have been approved, and six private securities investment funds have entered the operational phase [3].

Core Insights - The approval of Taiping Private Securities Fund marks a significant step in the long-term investment pilot program for insurance funds in China [1][2][3] - The pilot program aims to allow insurance companies to establish private securities funds primarily targeting the secondary market for stocks, with a focus on long-term holdings [2][3] - As of now, a total of six insurance-related private securities investment funds have been approved and are operational [4][6] Group 1: Approval and Establishment - Taiping Asset has received approval from the National Financial Regulatory Administration to establish Taiping (Shenzhen) Private Securities Investment Fund Management Co., marking it as one of the pilot cases for long-term investment by insurance funds [1][2] - The long-term investment pilot program has seen three batches of approvals, with the first batch in October 2023 involving China Life and Xinhua Insurance, each contributing 25 billion yuan to establish a 50 billion yuan fund [2][4] Group 2: Fund Operations and Management - Currently, there are six operational insurance-related private securities investment funds, including those managed by Guofeng Xinghua, Taikang, and Taibao [4][6] - The first pilot fund, Honghu Zhi Yuan, managed by Guofeng Xinghua, began investing in March 2024 with a total scale of 50 billion yuan fully deployed [4][6] - The second phase of the Honghu fund series was established in May 2024 with a total scale of 20 billion yuan, equally subscribed by Xinhua Insurance and China Life [5][6] Group 3: Strategic Goals and Market Impact - Taiping Asset aims to enhance the investment of long-term capital in the capital market, responding to the long-term investment reform pilot [3][4] - The initiative is expected to improve the asset-liability matching of insurance funds under new accounting standards and increase the efficiency of fund utilization [6]

又一大型险资正式入场保险资金长期投资试点。 券商中国记者获悉，近日，中国太平旗下子公司太平资产获国家金融监督管理总局批复，同意其投资设立太平 （深圳）私募证券投资基金管理有限公司（下称"太平私募证券基金"）。至此，已有6家险资系私募证券基金 公司获批。 目前，险资长期投资试点加速落地。另据记者统计，目前进入运作状态的保险系私募证券投资基金总数已有6 只。 太平私募证券基金获批 太平私募证券基金获批设立，是保险资金长期投资试点案例之一。保险资金长期投资改革试点，指的是保险公 司出资设立私募证券基金，主要投向二级市场股票，并长期持有。 保险资金长期投资改革试点至今已有三批。其中，首批试点于2023年10月获批。彼时中国人寿和新华保险作为 首批试点机构，各出资250亿元，设立规模500亿元的公司制基金。今年以来，试点进程加快。第二批获批试点 的保险公司有8家，规模合计1120亿元；第三批规模合计600亿元。 作为第二批保险资金长期股票投资试点公司之一，今年3月，太平人寿获批开展试点。 作为大型央企旗下保险资管公司，太平私募证券基金获批设立，将有利于加大中长期资金对资本市场的投资力 度。截至2024年末，太平资产管理 ...