China Taiping Insurance Group and others have newly established an equity investment fund in Chengdu with a total investment of 5 billion yuan.

According to the QiChaCha app, recently, the Chengdu Taibao Xinjian Phase I Equity Investment Fund Limited Partnership was established with a capital contribution of approximately 5 billion yuan. Its business scope includes equity investments, investment management, asset management, and other activities through private equity funds. Equity penetration information on QiChaCha shows that this company is jointly funded by China Taiping Life Insurance Co., Ltd. under China Taibao and Taibao Private Equity Fund Management Co., Ltd.