Each bank is limited to invest in an insurance company

According to Xinhua News agency, Beijing, November 26, 26th, the CBRC learned from the China Banking Regulatory Commission that, after communication and coordination with relevant regulatory departments, the CBRC issued this month 5th, "Commercial Bank investment insurance company Equity pilot management Measures", the method for commercial banks to invest in the insurance companies of the pilot program by the Supervision Department　　Each commercial bank can only invest in one insurance company.　　In order to steadily promote the commercial Bank investment insurance company shares the pilot work, the promotion bank guarantees the deep cooperation, further enhances the service level, enhances the banking comprehensive strength and the international competitiveness, through with the related Supervisory department communication coordination, the CBRC recently issued "The Commercial Bank investment insurance company shares the pilot management method". The method is divided into five chapters and 26 articles, and puts forward specific standards for the admission conditions, application procedures, risk control and supervision and management of the pilot institutions, and makes relevant regulations.