Insurance Regulatory Commission close close to investment real estate gate

Without approval the insurance company may not carry on the investment real estate related investment business reporter Lu Xiaoping in the state regulates the property market when the mouth, the CIRC closed the insurance fund investment real Estate gate. The relevant head of the CIRC said 20th, the insurance funds investment in real estate related measures are being developed in the discussion, will be timing released.　　But before the introduction of the method, the insurance company shall not carry out the relevant investment business without the approval of the Circ.　　"The CIRC reiterates the ' three-dingfu ' principle, which is not allowed to invest in residential property, i.e. housing, not allowing direct investment in commercial real estate and not allowing participation in real estate development," the official said.　　It is reported that next, the CIRC will carry out the relevant key inspection, the detection of irregularities will be prosecuted to the relevant companies and responsible persons. "It is necessary to emphasize that the CIRC will resolutely implement the decisions of the Party Central Committee and the State Council, adhere to the overall situation and serve the overall situation, and vigorously maintain the healthy development of macroeconomics." Specific to the issue of insurance funds investment in real estate, we always adhere to the principle of prudent supervision and steady progress in order to standardize transparency and ensure the safety of assets.　　The official said.　　Market personage analysis, because the real estate is in the government policy Regulation key area, therefore, the related method will not be introduced in the near future. It is also understood that the first quarter of the security asset allocation robustness enhanced. As at the end of March, the balance of funds used by insurance companies was 3.95 trillion yuan, an increase of 5.7%. Among them, bank deposits accounted for 29.3%, accounting for a 1.2% rise in the earlier year, bonds accounted for 50.9%, down 0.05%, equity investment accounted for 16.5%, down 2.1%.　　The first quarter, the insurance company realizes the fund utilization income 46.63 billion yuan. "While the share of equity investment has fallen, it has not returned to its early state, but it is still on the up and up in February."　　"said the insurance company. This year's complex financial market situation, the insurance assets face mismatch risk and income pressure. In this respect, the CIRC said it would focus on strengthening the balance of assets and liabilities Regulation: first, we should strengthen the construction of assets management capacity of insurance institutions, formulate the ability standards of overseas investment, equity investment, real estate investment and third party assets management, and implement classified management; second, simplify the investment proportion system, implement large-scale asset allocation, strengthen the risk control responsibility of insurance institutions　　Third, deepen the reform of asset management system, support the establishment of professional asset management institutions, improve the regulation and transparency of assets operation of insurance institutions, and strict conditions to control the business scale of non-life investment products. The relevant head of CIRC also reminded that the appreciation of the renminbi is expected to increase the potential for foreign hot money through the "underground policy" into the domestic arbitrage. In this respect, we must maintain high vigilance.