Insurance companies are increasingly shifting their long-term capital towards supporting technological innovation, moving away from traditional fixed-income businesses due to declining interest rates and pressure from interest rate differentials. However, smaller institutions face challenges in participating in tech investments due to risk appetite, solvency, and research capabilities. To foster tech innovation, a collaborative effort involving regulators, the industry, and the market is needed to overcome these transition hurdles. In the second quarter, the number of public fund of funds (FOFs) grew to 619, with a total scale of 311.284 billion yuan, an 8.67% increase from the previous quarter. FOFs showed a clear trend of aligning with the market's focus on technology, significantly increasing their AI
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