Financial institutions pooling resources to invest in a new paradigm of real estate.

In Zhongguancun, Beijing, the landmark building Ding Hao DH3 Building, which carries the memories of a generation, quietly changed hands recently, with the acquisition party including a risk capital institution that came through a "team-up" of private equity funds. Reporters learned that the investment method of this risk capital broke the norm, adopting an innovative model of "multiple insurance companies jointly investing and professional institutions operating in different areas." Several industry insiders interviewed indicated that this new model of joint investment is quickly spreading within the insurance industry, not only helping to address the "asset shortage," match long-term liabilities, hedge against the risk of long-term interest rate decline, but also achieve complementary advantages through professional division of labor. In the past, some risk capital institutions preferred to participate in the real estate industry investment through heavy holdings in real estate stocks in the secondary market; nowadays, their investment focus is gradually shifting towards physical commercial real estate, with the acquisition of equity of single high-quality project companies and investment through private equity funds becoming more common.