Insurance institutions officially invest in venture capital guidance funds. At present, the three major regional funds under the National Entrepreneurship Investment Guidance Fund have all undergone capital expansion, with a scale exceeding 50 billion yuan. Among them, the Beijing Tianjin Hebei Entrepreneurship Investment Guidance Fund Partnership Enterprise (Limited Partnership) (hereinafter referred to as the "Beijing Tianjin Hebei Regional Fund") has seen the presence of insurance institutions as new investors. On February 28th, the industrial and commercial registration information of funds in the Beijing Tianjin Hebei region changed, with the registered capital increasing from 29.646 billion yuan to 50 billion yuan. Several financial institutions became new investors, including three insurance institutions, namely Xinhua Insurance, Zhonghui Life Insurance, and Zhongzai Life Insurance, all of which belong to the China Investment Group. These are also the first insurance institutions to invest in national venture capital guided fund regional funds. In December last year, the National Development and Reform Commission introduced the relevant work of the National Venture Capital Guidance Fund at a special press conference, revealing that the Beijing Tianjin Hebei Regional Fund will fully mobilize the enthusiasm of central financial enterprises, do a good job in "technology finance", and banks, insurance, and securities will also focus on participating. Regarding the measures taken by insurance institutions to invest in funds in the Beijing Tianjin Hebei region, some market insiders analyzed to Securities Times reporters that the funds are led and managed by China International Capital Corporation (CICC), and the above-mentioned insurance institutions belong to the CICC ecosystem and have the conditions of being "close to the water". This investment is not only a response and implementation of policy calls, but also in line with the inherent demand of insurance funds to invest in scientific and technological innovation equity in recent years. It is conducive to leveraging the patient capital role of insurance funds, and effectively investing in early, small, long-term, and hard technology. Currently, insurance institutions are striving to do a good job in "technology finance". Zhonghui Life Insurance stated that by participating in long-term stock investment pilot projects, investing in the Beijing Tianjin Hebei Entrepreneurship Investment Guidance Fund, and investing in the Semiconductor Industry Support Fund, the company has accurately injected funds into key areas urgently needed by the country, maintaining capital market stability and promoting technological self-reliance through practical actions, demonstrating the strategic leading role of state-owned capital. Xinhua Insurance also publicly stated that it actively empowers the development of new quality productivity, jointly establishes venture capital funds related to new quality productivity, and explores new models to increase support for new infrastructure and strategic emerging industries. These layouts not only fully support the construction of national strategic technological strength, but also allow Xinhua Insurance to share the dividends of China's technological rise in the market. As one of the three major regional funds of the National Venture Capital Guidance Fund, the Beijing Tianjin Hebei Regional Fund was established on December 22, 2025, with China International Capital Corporation (CICC) as the management team. At the same time as the change of registered capital on February 28th, the executive partner of the Beijing Tianjin Hebei regional fund was also changed - from Zhongjin Capital to Guochuang Zhongjin (Beijing) Operation Management Co., Ltd. (hereinafter referred to as "Guochuang Zhongjin"). According to the data, Guochuang Zhongjin was established on February 7, 2026, with a registered capital of 500 million yuan and five major investors. Specifically, Guochuang Zhongjin is 51% owned by Zhongjin Capital, 11% owned by Xinhua Insurance, and 28% owned by Beijing BiKou Management Consulting Co., Ltd., a subsidiary of China Investment Corporation. Beijing Yizhuang International Investment Development Co., Ltd. and Beijing Municipal Government Investment Guidance Fund (Limited Partnership) each hold 5% of the shares. The establishment of the National Venture Capital Guidance Fund is a major event in the venture capital industry since last year. The National Venture Capital Guidance Fund is jointly promoted and established by the National Development and Reform Commission and the Ministry of Finance, adopting a three-tier structure of "fund company regional fund sub fund". At the national level, 100 billion yuan is invested by the government, and at the regional and sub fund levels, it is expected to leverage trillions of social capital to participate. At present, three regional funds from Beijing Tianjin Hebei, Yangtze River Delta, and Guangdong Hong Kong Macao Greater Bay Area have been established and put into operation. According to the relevant person in charge of the National Development and Reform Commission, regional funds adopt the "sub fund+direct investment project" approach for investment, among which the sub fund investment accounts for no less than 80%, and the direct investment emphasizes coordination with the implementation of national key projects. At the sub fund level, regional funds are not the largest investors or shareholders, but rather reflect the guidance of national policies. The average size of the sub fund will not exceed 1 billion yuan, and the relevant requirements for early and small investment will be effectively implemented to accompany the entrepreneurial growth of technology-based enterprises along the way. In terms of investment direction, the National Venture Capital Guidance Fund gathers various types of social capital, injecting financial vitality into emerging and future industries. The guiding fund will work with fund management institutions to focus on areas with active innovation and entrepreneurship, increase fund investment in early projects and seed enterprises in fields such as integrated circuits, artificial intelligence, aerospace, low altitude economy, biomanufacturing, and future energy, and strive to drive joint investment from various financial institutions and private capital. (New Society)