Ping An will increase investment in commercial real estate

Yesterday, China Ping An (601318. SH,02318.HK, hereinafter called "Ping ' an") vice chairman Sun Jianyi in China Ping ' an 2010 third quarter results on the Internet, said that the new regulation of silver insurance business on the impact of ping ' an sales can be controlled, deep development A (000001.SZ) in the future will become an important platform for the sale of Ping an bank.　　And with the further opening of the investment channels of insurance funds, peace will gradually increase the investment in commercial real estate and other new investment channels.　　The CBRC recently issued the "notice on further strengthening the Commercial Bank's business compliance sales and risk management", and made a number of specifications for the bank insurance business, which requires commercial banks to cooperate with no more than 3 insurance companies in principle, and to prohibit the personnel of insurance companies from stationing their bank outlets.　　In this respect, Sun Jianyi said, the current silver insurance business in the proportion of ping an life insurance business, the new rules on the security of the impact of the sale of silver insurance can be controlled, the future will be a deep development of ping An bank insurance business sales of an important platform.　　Earlier, Ping an life, chairman of Li Yuanxiang has said that Ping ' an mainly through the warden responsible for a number of bank outlets, there is no problem of the presence; In addition, although a branch may contract with more than 10 insurance companies, but a branch network often only sell four or five insurance company products, and 3 of the requirements of the difference is not much, so the new rules affect relatively small.　　Yesterday's performance statement, China Ping An board Secretary Yau Jun said that in the next 3-5 years, Ping An will keep the insurance business development than the market average speed, under the premise of speeding up the development of the non-insurance business, for the non-insurance business to the group's profit contribution up to about 50%. Sun Jianyi said yesterday that Ping an would step up investment in commercial real estate and other new investment channels as insurance funds were further opened up. Earlier, Ping An trust chairman Dongcai in China Ping An media open day, said that the current Ping An trust on commercial real estate investment is more conservative and stable, the general demand for rental return of more than 6%, some institutions to invest in low return commercial real estate projects, mainly bullish on its appreciation prospects, but this practice contains greater risk