The second batch of long-term investment reform pilots for insurance funds ushered in progress. On April 16, Taikang Asset stated that Taikang Asset's application to initiate the establishment of Taikang Wenxing Private Equity Fund Management Co., Ltd., a wholly-owned private equity fund management subsidiary, was approved by the General Administration of Financial Supervision. According to reports, Taikang Stable will target contract private equity investment funds to Taikang Life as the fund manager. Taikang Life will act as a single holder, and the initial investment scale is expected to be 12 billion yuan. As a long-term investment pilot fund, the fund will use fundamental analysis as a starting point to select high-quality listed companies in the domestic market and Hong Kong market to pursue medium- to long-term steady appreciation of the fund's assets under the premise of scientific and strict risk management. Taikang Asset said that the purpose of setting up Taikang's stable management pilot fund is to respond to the pilot reform of long-term investment of insurance funds, further increase long-term investment assets in line with insurance fund investment strategies, optimize the balance and liability matching of insurance funds under the new accounting standards, and improve the efficiency of the use of funds. As a pilot project for long-term investment reform of insurance funds, the pilot fund will give full play to the role of long-term capital and patient capital to help the capital market run smoothly.

The second batch of long-term investment reform pilots for insurance funds ushered in progress. On April 16, Taikang Asset stated that Taikang Asset's application to initiate the establishment of Taikang Wenxing Private Equity Fund Management Co., Ltd., a wholly-owned private equity fund management subsidiary, was approved by the General Administration of Financial Supervision. According to reports, Taikang Stable will target contract private equity investment funds to Taikang Life as the fund manager. Taikang Life will act as a single holder, and the initial investment scale is expected to be 12 billion yuan. As a long-term investment pilot fund, the fund will use fundamental analysis as a starting point to select high-quality listed companies in the domestic market and Hong Kong market to pursue medium- to long-term steady appreciation of the fund's assets under the premise of scientific and strict risk management. Taikang Asset said that the purpose of setting up Taikang's stable management pilot fund is to respond to the pilot reform of long-term investment of insurance funds, further increase long-term investment assets in line with insurance fund investment strategies, optimize the balance and liability matching of insurance funds under the new accounting standards, and improve the efficiency of the use of funds. As a pilot project for long-term investment reform of insurance funds, the pilot fund will give full play to the role of long-term capital and patient capital to help the capital market run smoothly.