The 33.9 billion funds set up 11 state-owned holding life insurances to jointly contribute.

Caixian News Agency, April 23, Kyushu Kai Hang (Beijing) Equity Investment Fund (Limited Partnership) was recently established in Xicheng District, Beijing, with a fund size of 33.901 billion yuan. In addition to the executive partners, the investors are 11 life insurance companies, including China Life Insurance, Pacific Life Insurance, Taiping Life Insurance, China Merchants Renhe Life Insurance, and life insurance companies of the six major banks.