The first private equity fund of insurance funds revealing its heavy stock holdings

As the first quarter report of A-share listed companies in 2025 is released, the A-share holdings of China's first insurance-based private equity fund, Honghu Zhiyuan Private Equity Securities Investment Fund, have also come to light. According to the first quarter report of listed companies, Honghu Zhiyuan has heavy positions in three A-share stocks: Inner Mongolia Yili Group, Shaanxi Coal Industry, and China Telecom. Specifically, as of the end of the first quarter, Honghu Zhiyuan held approximately 152.764 million shares of Inner Mongolia Yili Group, an increase of approximately 13.5126 million shares from the end of last year; held approximately 116.3389 million shares of Shaanxi Coal Industry, an increase of approximately 15.0377 million shares from the end of last year; and held approximately 761.7422 million shares of China Telecom, unchanged from the end of last year.