FINANCE

Another Chinese Insurer Sets Up Fund Manager for Long-Term Equity Investment

Published: Nov. 21, 2025 5:29 p.m. GMT+8

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Sunshine Insurance Group.

Sunshine Insurance Group Co. Ltd. has established a private fund manager, marking the seventh such vehicle launched under a government-backed pilot program designed to channel long-term insurance capital into the stock market.

The Hong Kong-listed insurer announced this week that its subsidiary, Sunshine Life, recently signed a contract with the fund manager, Sunshine Hengyi (Qingdao) Private Equity Fund Management Co. Ltd. Sunshine Life plans to invest 20 billion yuan ($2.8 billion) in a new fund set up by the manager.

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Sunshine Insurance Group launched a private fund manager, investing 20 billion yuan ($2.8 billion) in a new 10-year fund focused on high-dividend, high-tech, and strategic assets.
It’s part of a Chinese government-backed pilot to channel long-term insurance capital into the stock market, aiming for stability and growth in strategic sectors.
By September, insurance investment assets reached 37.5 trillion yuan, with direct stock investments at 3.6 trillion yuan (9.7%), the highest in recent years.

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Who’s Who

Sunshine Insurance Group Co. Ltd.: Sunshine Insurance Group Co. Ltd. (阳光保险集团股份有限公司) launched a private fund manager, Sunshine Hengyi (Qingdao) Private Equity Fund Management Co. Ltd. Its subsidiary, Sunshine Life, will invest 20 billion yuan ($2.8 billion) into a new fund managed by Sunshine Hengyi. This marks the seventh fund manager established under a government pilot program to direct long-term insurance capital into the stock market.

Sunshine Life: Sunshine Life, a subsidiary of Sunshine Insurance Group Co. Ltd., has partnered with the private fund manager Sunshine Hengyi (Qingdao) Private Equity Fund Management Co. Ltd. Sunshine Life plans to invest 20 billion yuan ($2.8 billion) into a new 10-year private securities investment fund. This fund will focus on high-dividend assets, high-tech sectors, and countercyclical strategic buying, aligning with Beijing's efforts to stabilize the stock market with "patient capital" from institutional investors.

Sunshine Hengyi (Qingdao) Private Equity Fund Management Co. Ltd.: Sunshine Hengyi (Qingdao) Private Equity Fund Management Co. Ltd. is a private fund manager established by Sunshine Insurance Group Co. Ltd. It is the seventh such entity under a government pilot program. Sunshine Life, a subsidiary of Sunshine Insurance, plans to invest 20 billion yuan in a new 10-year private securities investment fund set up by Sunshine Hengyi. This fund will focus on high-dividend assets, high-tech sectors, and countercyclical strategic buying.

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