New China Life to invest CNY 15bn in private fund

New China Life Insurance Company (SSE:601336) announced its intention to invest no more than CNY 15 billion in a private equity fund managed by Guofeng Xinghua (Beijing) Private Equity Fund Management Co., Ltd. The decision, approved by the company's board, aligns with national policies encouraging long-term capital market investments. The fund, with a planned size of CNY 22.5 billion, aims for steady dividend income through low-frequency trading and long-term holdings of eligible large A+H shares within the CSI A500 index. New China Life and China Life Insurance will contribute CNY 11.25 billion each. While the investment is pending the finalization of the fund contract and regulatory filings, it reflects New China Life's strategy to optimize asset-liability matching and enhance long-term investment returns.