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CIRC: Study On The Introduction Of Insurance Assets And Margin Trading Measures

2011/7/16 11:31:00 27

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CIRC Insurance Assets And Margin Trading

Wu Dingfu, chairman of the China Insurance Regulatory Commission, said on 15 th that during the "12th Five-Year" period, the insurance assets and margin trading methods and derivative products management methods will be studied.

We should improve relevant investment policies, revise bond investment methods and improve them.

Overseas investment

Implementing rules to support the rational allocation of insurance funds for domestic bonds and derivatives.

He also disclosed that in the first half of this year, the rate of return on insurance investment was 2.09%.

In the insurance industry "12th Five-Year" planning working conference, Wu Dingfu introduced, despite the first half of the year

capital market

Sustained shocks, but the insurance investment income is generally stable, the use of insurance funds balance of 5 trillion and 300 billion yuan, the realization of investment income of 103 billion 105 million yuan, the average yield of 2.09%, and the first quarter of venture capital investment yield of 1.07%.

In the first half of this year, the national premium was 805 billion 660 million yuan, an increase of 13% over the same period last year.

Among them, property insurance undertook a profit of 10 billion 700 million yuan, an increase of 1.7 times compared with the same period last year.

Wu Dingfu pointed out that during the "12th Five-Year" period, we should adjust the investment policy of insurance funds in a timely manner, stabilize and increase investment returns, and steadily promote the investment of insurance funds in real estate and unlisted shares under the premise of controllable risks, and constantly expand the channels and scope of the use of insurance funds.

It is necessary to encourage innovation and development of the third party asset management business in insurance asset management products, to meet the needs of residents' multi-level wealth management, to promote the construction of financial markets and to diversify financial market risks.

Wu Dingfu pointed out that in 12th Five-Year, China's Insurance reached 5%, and the insurance density reached 2100 yuan.

The next step is to vigorously develop commercial pension and health insurance, agricultural insurance, export credit insurance, science and technology insurance and other businesses, and support insurance funds to invest in the national basic industries, key projects and new industries under risk controllable conditions, so as to serve the strategic adjustment of the national economic structure.

Wu Dingfu said that this year, the capital market downturn and interest rate increase led to owners.

Equity value

The insurance company's solvency adequacy ratio has been greatly affected by shrinking.

Some traditional fixed rate products with strong interest rate are facing a certain risk of surrender.

If the premium growth rate continues to slow down and the capital market remains low, individual companies may also face the problem of insufficient cash flow.

In addition, due to increased inflation pressure and intensified liquidity tightening, capital market volatility has increased significantly, equity investment rhythm is difficult to grasp, and asset liability matching is more difficult.