New China Life Insurance and others set up private equity investment funds in Beijing.

According to the Qichacha APP, recently, Beijing Huihang Phase I Private Equity Investment Fund Partnership was established, with a capital contribution of 700 million yuan. Its business scope includes engaging in equity investment, investment management, and asset management through private equity funds. Qichacha's equity penetration shows that the company is jointly funded by Xinhua Insurance and others.