According to the China Securities Investment Fund Industry Association, recently, Sunshine Hengyi (Qingdao) Private Equity Fund Management Co., Ltd., which is 100% controlled by the insurance asset management institution Sunshine Asset Management, completed its registration and filing. Industry insiders say that private equity funds can only invest abroad after completing registration and filing. This development means that private equity securities funds under Sunshine Insurance are expected to set sail. Since the beginning of this year, insurance funds have sparked a wave of private equity securities fund establishment. Multiple insurance related private equity securities fund companies have completed filing and registration, established relevant securities investment funds, and put them into operation. This type of fund mainly focuses on the secondary market and is the main force in promoting the expansion of long-term investment pilot projects for insurance funds. It helps to leverage the advantage of "long-term investment" of insurance funds and achieve a positive interaction between insurance funds and the capital market. Multiple private equity funds from insurance funds have invested and operated. According to information disclosed by the Fund Industry Association, Sunshine Hengyi completed its registration and filing within one month from its establishment. In September of this year, Sunshine Hengyi was officially established with a registered capital of 10 million yuan and registered in Qingdao, Shandong. In May of this year, Sunshine Insurance announced the establishment of Sunshine Hengyi. As the fund manager, Sunshine Hengyi will initiate the establishment of Sunshine and Far Private Equity Securities Investment Fund, with an expected total size of 20 billion yuan. Sunshine Life Insurance will fully subscribe to the fund, and the funds will be paid in installments according to the relevant legal documents of the fund. In July of this year, Sunshine Hengyi was approved for establishment. In addition to Sunshine Hengyi, the established insurance related private equity securities fund companies also include Guofeng Xinghua under China Life and Xinhua Insurance, Taiping Zhiyuan under China Taiping Insurance, Hengyi Zhiying under Ping An, Taikang Wenxing under Taikang Insurance, Qiyuan Huizhong under PICC, and Taiping (Shenzhen) Private Equity under China Taiping Insurance. According to insiders, Guofeng Xinghua has established three phases of Honghu Zhiyuan Private Equity Securities Investment Fund, Taibao Zhiyuan has established Taibao Zhiyuan No.1 Private Equity Securities Investment Fund, Hengyi Zhiying has established Hengyi Youxuan Private Equity Securities Investment Fund, Taikang Wenxing has established Taikang Wenxing No.1 Private Equity Securities Investment Fund, PICC Qiyuan Huizhong has established PICC Qiyuan Huizhong No.1 Private Equity Securities Investment Fund, and Taiping (Shenzhen) Private Equity has established Taiping Zhuoyuan No.1 Private Equity Securities Investment Fund. The above-mentioned private equity securities investment funds are all in operation. As of now, according to information disclosed by the Fund Industry Association, Sunshine Hengyi has not yet managed private equity funds. Industry insiders predict that the private equity securities investment fund established by Sunshine Hengyi may operate in the near future. Focusing on the secondary market to support "long-term investment", industry insiders have stated that private equity funds in the insurance industry have been established one after another, aiming to respond to the pilot policy of long-term investment reform for insurance funds and inject more long-term funds into the capital market. Multiple private equity funds have clearly targeted blue chip and high dividend targets in the market, optimized asset liability matching through long-term holding strategies, and outlined investment paths targeting high-quality listed companies for "long-term investment". For example, officials from China Life Insurance and Xinhua Insurance have revealed that Honghu Fund adheres to the principles and framework of marketization, rule of law, and "long money, long investment", and insists on the long-term capital nature of insurance funds. It invests in and holds long-term stocks of large cap blue chip companies with good corporate governance, stable operation, relatively stable dividends, relatively good stock liquidity, and good dividend returns. Sunshine Insurance previously announced that the investment scope of the proposed fund includes equity assets, fixed income assets, and cash management tools. Equity assets will focus on constituent stocks of the Shanghai and Shenzhen 300 Index, Hang Seng Hong Kong Stock Connect Index, related index ETFs, and index funds. The person in charge of Taikang Stable Bank explained the investment strategy by starting from fundamental analysis, pursuing medium - and long-term stable appreciation of fund assets, and ultimately serving high-quality economic development and stable operation of the capital market. Specifically, it includes: using high dividend assets as the cornerstone, focusing on sectors with stable operations, weak cyclical attributes, and stable dividends; Anchoring the dividends of industrial upgrading, focusing on the national development strategy, and laying out new quality productivity fields such as high-end manufacturing, artificial intelligence, and biomedicine, effectively supporting the development of the real economy; Countercyclical strategic buying, achieving risk return balance, and practicing the concept of long-term investment and value investment. The pilot fund focuses on long-term equity investment, which helps to expand the breadth and depth of the company's capital participation in the capital market, achieve positive interaction and common development with the capital market, fully leverage the advantages of insurance funds as long-term capital and patient capital, and promote the stable and healthy development of the capital market in the long term; At the same time, it helps to reduce the impact of fluctuations in the market value of equity assets on the company's net profit and enhance the company's ability to invest in the capital market. ”Sunshine Insurance states. Multiple companies have stated that the pilot fund for long-term stock investment will balance portfolio stability and return targets to develop reasonable allocation strategies, and pursue medium - to long-term stable appreciation of fund assets under the premise of scientific risk management. (New Society)