CIRC: first-half premium investment bonds down 7.7%

This morning, the chairman of the Circ Wu Dingfu in the first half of the supervision work conference revealed that the first half of the year's annual increase in premiums 6.6%, investment-oriented business growth was controlled.　　As capital markets warmed, bond investment fell 7.7% per cent in the first half, bank deposits increased 4.5% per cent earlier in the year, and equities and equity investments increased by 1.9% from the start of the year.　　Wu Dingfu at the meeting at the same time prompted the current insurance industry risks and problems, due to changes in the capital market, the abnormal risk of stock speculation. In this year's new situation, insurance market risk has also appeared some new changes, such as abnormal surrender. The chairman of the CIRC, Wu Dingfu said that the first half of the insurance company to return the expenditure is more stable, the overall rate of return fell, but from each month, the rate of retreat has an upward trend. In the case of rising asset prices, some policyholders may opt to retire to obtain funds to engage in stock market and housing investment, and the risk of surrender increases.　　In this respect, Wu Dingfu said that the CIRC will pay close attention to the higher dividend risk companies, with a survey and risk tips to prevent and control the risk of surrender. The fact that the insurance company's underlying data is untrue remains. Wu Dingfu said that from the company's data authenticity self-examination, fees, reserves, reparations and other key subjects of data authenticity still more problems. If the auto insurance see fee out of the implementation of a single, some line companies through the virtual list of non-auto insurance business should collect premiums to supplement the insurance business costs. Some life insurance companies exaggerate product earnings, conceal disclosure, and confuse referrals with other financial products for misleading sales.