China Life and others establish Hubei Smart Manufacturing Investment Fund with 1 billion yuan commitment

36Kr learned from Tianyancha App that the Hubei Changjiang Smart Manufacturing Industry Investment Fund Partnership (Limited Partnership) was recently established, with Hubei Guoyi Investment Management Co., Ltd. and China Life Industry Investment Management Co., Ltd. serving as the executive partners. The fund has a committed capital of 1 billion yuan and its business scope includes private equity fund management, venture capital fund management services, and more. Partner information shows that the fund is jointly funded by six partners: China Life Insurance Group Co., Ltd. subscribed for 492 million yuan, holding 49.2%; Hubei Changjiang Industry Investment Fund Co., Ltd. subscribed for 297 million yuan, holding 29.7%; Hubei Province Investment Guidance Fund Co., Ltd. subscribed for 200 million yuan, holding 20%; China Life Industry Investment Management Co., Ltd. and Hubei Guoyi Investment Management Co., Ltd. each hold 0.5%.