Taikang Asset's private placement platform has officially been filed! 12 billion is about to "enter the market"

On May 26, the private placement platform controlled by Taikang Asset officially completed its filing.

Taikang Stable (Wuhan) Private Fund Management Co., Ltd. (hereinafter referred to as "Taikang Stable Private Fund"), as a private placement platform focused on investing in the secondary market, will introduce over 10 billion yuan of "fresh capital" to the A-share and Hong Kong stock markets in its first phase.

This is another case of an insurance capital-backed stock private placement following the establishment of Honghu Private Fund by China Life and Xinhua Insurance.

The core team of Taikang Stable has also been unveiled.

Executive Team Unveiled

According to the official website of the Asset Management Association of China, Taikang Stable Private Fund is registered in the Donghu Technology Development Zone, Hongshan District, Wuhan City, Hubei Province. The registered capital of this private fund is 10 million yuan, and its office is located in Taikang Financial Building, Chaoyang District, Beijing.

In the filed executive information, Wang Qi is the legal representative and executive director. Since 1998, he has worked at China National Technical Import and Export Corporation, Tsinghua Yongxin Information Engineering Co., Ltd., DaTong Securities, Zhongguancun Securities, CITIC Securities, and CITIC Securities Fund.

From his resume, it can be seen that he has worked at several brokerage firms before moving to buy-side institutions, where he served as the general manager of the investment research department at CITIC Securities Fund.

In April 2020, Wang Qi joined Taikang Asset as the executive director of stock investment in the equity investment department.

Another filed executive is Liu Zhiqiang, who serves as the general manager of Taikang Stable Private Fund, previously serving as an investment manager at Taikang Asset Management.

Liu Zhiqiang worked early on in the fund department of Ping An Insurance and the investment department of Harvest Fund.

Another filed executive is Zhang Suqian, who is responsible for compliance risk control and information reporting. She has worked in the compliance and legal department of Sunshine Asset and Taikang Asset.

12 Billion Yuan Set to "Enter the Market"

As of the latest update, Taikang Stable Private Fund has not yet formally filed its fund products.

Generally speaking, private fund managers typically establish products after completing fundraising, then fulfill the filing procedures with the Asset Management Association of China, and regularly submit product operation information and financial reports of the private fund institution.

On April 16, Taikang Asset Management Company announced that its application for the establishment of a wholly-owned private fund management subsidiary, Taikang Stable Private Fund, has been approved by the National Financial Regulatory Administration.

Taikang Stable Private Fund will act as the fund manager to issue a contract-type private securities investment fund directed to Taikang Life Insurance Co., Ltd., with Taikang Life as the sole holder of this private fund. The initial investment scale is expected to be 12 billion yuan.

Taikang Asset revealed that the aforementioned private fund will start from fundamental analysis and selectively choose high-quality listed companies in the domestic and Hong Kong markets.

This means that the A-share and Hong Kong stock markets are about to welcome a significant influx of capital.

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