According to enterprise information platform Qichacha, the Beijing-Tianjin-Hebei Venture Capital Guidance Fund Partnership recently underwent a business registration change, adding several new partners. These include Shenwan Hongyuan, New China Life Insurance Company Ltd. (NCI), Zhonghui Life Insurance Co., Ltd., and China Life Reinsurance Company Limited. The partnership was established in December 2025 with a total capital commitment of 50 billion yuan. Its business scope encompasses venture capital investments, limited to unlisted enterprises, as well as equity investments, investment management, and asset management activities conducted through private funds.