On August 6, a financial sources report indicated that the Beijing Huiheng Phase I Private Equity Investment Fund Partnership (Limited Partnership) has been established, according to Tianyancha data. The fund has a subscribed capital of 700 million yuan and its business scope includes engaging in equity investment, investment management, and asset management activities through private equity funds.
Partnership information reveals that the entity is jointly funded by New China Life Insurance Company Ltd. and Guotai Junan Innovation Investment Co., Ltd.
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