Chinese life insurance and others have established a private equity fund in Shanghai with a capital contribution of approximately 5.05 billion yuan.

Tianyancha App shows that recently, Huizhi Yangtze River Private Equity Fund Limited Partnership was established, with the managing partner being Chuangzhi and Rui Enterprise Management Co., Ltd., with a total investment of around 5.05 billion RMB. Its business scope includes engaging in equity investment, investment management, asset management, and other activities through private equity funds. The fund is jointly funded by China Life, Shanghai Pudong Lead Area Investment Center, Shanghai Guotou Leading Artificial Intelligence Private Equity Investment Fund Limited Partnership, and others. According to media reports, previously, China Life announced that the fund mainly invests in technology innovation companies in the fields of artificial intelligence, integrated circuits, and biomedicine.