The Beijing-Tianjin-Hebei Venture Capital Guidance Fund features insurance institutions for the first time

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Recently, one of the regional funds under the National Venture Capital Guidance Fund—the Beijing-Tianjin-Hebei Venture Capital Guidance Fund Partnership (Limited Partnership) (hereinafter referred to as the “Beijing-Tianjin-Hebei Regional Fund”)—has seen insurance institutions among its new investors. This also means that insurance capital has officially begun participating in investment in venture capital guidance funds. The Beijing-Tianjin-Hebei Regional Fund was established last December with an initial registered capital of 29.646 billion yuan. Tianyancha business information shows that recently, the registered capital of the Beijing-Tianjin-Hebei Regional Fund increased from 29.646 billion yuan to 50 billion yuan. Meanwhile, the National Credit Enterprise Credit Information Publicity System indicates that among its partners are insurance institutions such as China Life Insurance Company Limited, Zhonghui Life Insurance Company Limited, and China Reinsurance Corporation Limited. (Securities Daily)

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