The proportion of insurance funds in the market was raised to 20%

The CIRC 5th formally promulgated the interim measures for the administration of the use of insurance funds.　　The formal release of the basic regulations after the implementation of the insurance law marks a clear basis for the channel and proportion of the use of insurance funds.　　This method refines the investment channel of insurance funds, to allow the insurance funds to invest in the new investment areas, such as unsecured debt, real estate and unlisted equity, integrate and simplify the proportion of insurance fund investment, enlarge the elasticity and space of the allocation of insurance assets, help to improve the matching of insurance assets and liabilities, and promote the growth of investment income of insurance funds. At the same time, the area of investment bans is clearly defined.　　If the deposit in Non-bank financial institutions, buy by the exchange of "special treatment" "warning the existence of the risk of termination of the special treatment" of the stock, the investment does not have a stable return on cash flow expectations or high pollution and other corporate equity and real estate, directly engaged in real estate development and construction, and venture capital In the proportion of insurance fund allocation, the carrying balance of assets such as bank demand deposits, government bonds, central bank bills, policy bank bonds and money market funds is no less than 5% of the total assets of the last quarter of the company; the carrying balance of unsecured enterprise (corporate) bonds and non-financial enterprise debt financing instruments, The sum is not higher than 20% of the total assets of the last quarter of the company; the carrying balance of the stock and stock funds is not higher than 20% of the total assets of the last quarter of the company; the carrying balance of unlisted corporate shares and the carrying balance of investments in unlisted companies ' equity-related financial products are not higher than 5% of the total assets of the last quarter of the company.　　The carrying balance of real estate and the carrying balance of investment in real estate related financial products are not higher than 10% of the total assets of the last quarter of the company, and the carrying balance of the debt investment plan such as infrastructure is not higher than 10% of the total assets of the company at the last quarter. In addition, this approach regulates the use of risk management tools. Strictly restricting the participation of insurance funds in derivative transactions, strengthening the use of risk control of insurance funds, and stipulating that derivative transactions should be limited to hedging risks and should not be used to speculate and enlarge transactions, and the specific measures shall be formulated by the Circ.　　The scheme will be formally implemented on August 31, 2010.　　Link insurance investment in the proportion of the market to relax in July 2007, the CIRC issued a method to increase the proportion of direct investments in the stock market from 2004 to 5% of the total assets of the end of last year to 10%.　　In October 2009, the capital limit for insurance companies to invest in corporate bonds was raised to 40% by no more than 30% of the total assets of the insurer at the last quarter. In August 2010, insurance funds were invested in stock and equity funds with a total balance of not more than 20% of the total assets of the company at the last quarter.