Leverage the advantages of long-term investment in companies with strong fundamentals, and insurance capital prefers large cap blue chip stocks.

Another insurance capital-related securities private placement has officially debuted. Hengyi Holding Profit (Shenzhen) Private Equity Fund Management Co., Ltd. under Ping An Asset Management recently completed registration, with the initial fund size reaching 30 billion RMB. As of now, there are already 7 insurance capital-related securities private placements, with a total trial amount of 222 billion RMB. With the disclosure of the semi-annual report of listed companies in 2025, the allocation path of these "giant" long-term funds is gradually becoming clearer they prefer energy and infrastructure leaders such as PetroChina, China Shenhua, and Daqin Railway, and the labels of long-term investment and value investment are more prominent.