China Insurance Investment Fund Raises Capital to Approximately 148.3 Billion Yuan

36Kr reports that Tianyancha App shows recent business registration changes for China Insurance Investment Fund (Limited Partnership). Original partner Shanghai Military-Civil Integration Industry Equity Investment Fund Partnership (Limited Partnership) has exited, while Ping An Property and Casualty Insurance Company of China was added as a new partner. The fund's capital commitment increased from approximately 121.9 billion yuan to about 148.3 billion yuan, representing a roughly 22% increase. Established in February 2016 with China Insurance Investment Co., Ltd. as the executive partner and equity investment management as its business scope, the fund is now jointly funded by Taikang Asset Management Co., Ltd., China Merchants Securities Asset Management Co., Ltd., and the newly added partners.