The second phase of the Honghu Fund, with a scale of 20 billion RMB, plans to enter the market for investment in the near future.

Reporters have learned from China Life Insurance Group that the Honghu Fund II plans to invest in the market in the near future, focusing mainly on high market value, good liquidity, and high market impact quality listed companies. By long-term holding such assets, the fund aims to further play the role of long-term capital and patient capital. The Honghu Fund II was approved in March this year with a size of 20 billion yuan. It was jointly initiated by China Life Insurance and New China Insurance, each contributing 10 billion yuan, and is the second batch of private equity securities funds for long-term investment reform pilot projects of insurance funds.