


China Pacific Insurance Company (CPIC) is pooling 50bn yuan for two private investment funds focusing on M&A in emerging sectors of strategic importance and securities investments.
The M&A fund named ‘China Pacific Insurance Strategic Sector M&A Fund’, is to target a fund size of 30bn yuan ($4.2bn) and 10bn yuan ($1.4bn) in its first closing. The other fund focusing on securities investments is named ‘China Pacific Insurance No.1 Private Securities Investment Fund’ is targeting 20bn yuan ($2.8bn).
CPIC said the M&A fund has a mandate to focus on the restructuring and “innovation-driven transformation” of state-owned enterprises and state-affiliated companies in Shanghai.
The introduction of CPIC’s private securities investment fund, which will invest in stocks, bonds, and mutual funds in the Chinese stock markets, comes amid Beijing’s plan to guide big state insurers and commercial insurance funds to increase investments in the A-share market in mainland China.