Key Points
- Ping An Asset Management (Ping’an Ziguan 平安资管) has launched a new private fund management company, Hengyi Chiying (Shenzhen) (Hengyi Chiying (Shenzhen) Simu Jijin Guanli Youxian Gongsi 恒毅持盈（深圳）私募基金管理有限公司), with ¥300 million registered capital.
- Hengyi Chiying will manage a contractual private securities investment fund initially for Ping An Life Insurance (Ping’an Renshou 平安人寿), starting with a size of ¥30 billion RMB ($4.17 billion USD).
- The fund’s strategy is “long-term investment, value investment,” focusing on high-quality listed companies aligned with policy guidance and insurance fund needs.
- This initiative aims to inject “patient capital” from insurance funds into the market, supporting high-quality development and potentially reducing volatility.
- Ping An Asset Management is a major player with ¥5.80 trillion RMB in assets under management as of end 2024.
Here’s a big signal for the market: a new wave of long-term capital is making moves, and it’s starting with a bang.
On May 30, 2025, heavy-hitter Ping An Asset Management Co., Ltd. (Ping’an Ziguan 平安资管) officially got the green light from the National Financial Regulatory Administration (Guojia Jinrong Jiandu Guanli Zongju 国家金融监督管理总局).
What’s the big deal? They’re setting up a brand-new private fund management company, and it’s not small potatoes.
Enter Hengyi Chiying: A New Force in Private Funds
The newly approved entity is named Hengyi Chiying (Shenzhen) Private Fund Management Co., Ltd. (Hengyi Chiying (Shenzhen) Simu Jijin Guanli Youxian Gongsi 恒毅持盈（深圳）私募基金管理有限公司).
Here’s the lowdown on Hengyi Chiying:
- Registered Capital: ¥300 million RMB ($41.7 million USD).
- Location: Strategically based in Qianhai, Shenzhen (Shenzhen Qianhai 深圳前海) – a major hub for finance and innovation.
- Official Registration Date: May 30, 2025.
This isn’t just another fund; it’s a significant development backed by a major financial institution.
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The ¥30 Billion Game Plan: Value Investing with Patient Capital
So, what’s Hengyi Chiying’s first big play?
They’ll be acting as the fund manager for a contractual private securities investment fund initially dedicated to Ping An Life Insurance (Ping’an Renshou 平安人寿).
And the initial size of this fund? A whopping ¥30 billion RMB ($4.17 billion USD).
The investment strategy is crystal clear:
- Focus: Embracing the philosophy of “long-term investment, value investment.”
- Target Assets: Strategically allocating to high-quality listed companies.
- Alignment: Prioritizing companies that mesh with current policy guidance and the specific investment needs of insurance funds.
The core idea is to harness the power of insurance funding as patient capital. This approach aims to provide stable, long-term support for China’s evolving capital market and contribute to its high-quality development.
Think steady hands, not quick flips.
Ping An Asset Management: A Financial Behemoth at the Helm
- Stocks
- Bonds
- Funds
- Money markets
- Multi-assets
- Direct investments (debt and equity in capital and non-capital markets)
To understand the weight behind this move, let’s look at Ping An Asset Management itself.
- Established: May 2005.
- Headquarters: Shanghai.
- Registered Capital: ¥1.5 billion RMB ($208 million USD).
Their scale is immense. As of the end of December 2024, Ping An Asset Management had assets under management (AUM) totaling ¥5.80 trillion RMB ($805.6 billion USD).
Their investment playground is vast, covering:
- Stocks
- Bonds
- Funds
- Money markets
- Multi-assets
- Direct investments (both debt and equity in capital and non-capital markets)
When a player of this magnitude makes a dedicated move into long-term, value-driven private funds, it’s worth paying attention.
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Why This Matters for China’s Capital Market & Investors
This development isn’t just news for Ping An; it’s a broader indicator for the market.
The emphasis on “patient capital” from insurance funds is a key theme. It signals a shift towards more stable, long-duration investments, which can help:
- Reduce market volatility: Long-term investors are less likely to react to short-term noise.
- Support strategic industries: Aligning with policy guidance means capital flows to sectors deemed crucial for national development.
- Foster corporate growth: Companies with patient backers can focus on sustainable, long-term strategies rather than quarterly sprints.
For investors, founders, and techies, this signals growing opportunities with well-funded entities focused on genuine value and sustainable growth, particularly for companies that align with China’s strategic economic directions.
The establishment of Hengyi Chiying represents a significant commitment to injecting more long-term capital into the system, a trend that could reshape investment landscapes.
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