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]