The Central Financial Office and the China Securities Regulatory Commission recently jointly issued the "Guiding Opinions on Promoting the Entry of Medium and Long-term Funds into the Market", proposing to nurture and strengthen patient capital such as insurance funds, to remove institutional barriers affecting the long-term investment of insurance funds, to improve assessment mechanisms, to enrich long-term investment models of commercial insurance funds, to enhance the equity investment regulatory system, to urge and guide state-owned insurance companies to optimize long-term assessment mechanisms, to encourage insurance institutions to become steadfast value investors, and to provide stable long-term investment for the capital markets. A relevant person from China Life Insurance stated to reporters on October 11 that the Honghu Fund officially started its investment on March 4, 2024. As of September 30, the Honghu Fund has a paid-in capital of 32.01 billion yuan, mainly invested in key industries related to national economy and people's livelihood. (Securities Times)