New China Life invests CNY 10bn in private equity fund
New China Life Insurance (SSE:601336) announced it will invest CNY 10 billion in a private equity fund managed by Guofeng Xinghua (Beijing) Private Equity Fund Management Co. The decision, approved during the company’s eighth board meeting, involves subscribing to a portion of the "Guofeng Xinghua Honghu Zhiyuan II Private Equity Investment Fund", with the total fund size capped at CNY 20 billion. A fund contract has been signed with Guofeng Xinghua and the custodian, Guangfa Bank Beijing Branch. The fund is pending registration with the Asset Management Association of China. The company cautioned that the fund establishment remains subject to regulatory approvals, advising investors to exercise caution.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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