Wu Dingfu: This year, there are 1.1 trillion yuan insurance requirements

Source: Internet
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China Insurance Regulatory Commission Chairman Wu Dingfu (photo source: Sina Finance) Click here to view all financial news pictures Xinhua Beijing July 20, the chairman of the China Regulatory Commission Wu Dingfu 20th said that the first half of this year, China's investment in the capital gains reached 109.97 billion yuan, better than the same period last year.  Although the investment appears to be getting better, the insurance company should be vigilant to the market fluctuation risk, deeply analyze the capital market situation and calmly deal with it. At the six-year Insurance regulatory conference held 20th, the Circ Wu Dingfu introduced that the balance of the funds used by the insurance company was 3.4 trillion yuan at the end of June, up 10.4% from the beginning of the year. Among them, bond investment accounted for 50.2%, down 7.7% from the beginning of the year, bank deposits accounted for 31%, increased by 4.5% at the beginning of the year, equity and equity investment accounted for 9.8%, compared with 1.9% in the early year; Increased by 1.4% per cent at the beginning of the year;  The first half of the year, the use of insurance funds to achieve a total income 109.97 billion yuan. From the current situation, "despite the impact of the international financial crisis on the insurance industry, but the overall solvency of the insurance sector, financial and operational soundness, the industry risks are effectively prevented."  "Wu Dingfu said.  In response to the central proposal that the second half of the year will continue to maintain macroeconomic policy continuity and stability, Wu Dingfu analysis said that under the current active fiscal policy, investment growth, especially some infrastructure and project investment construction, can provide more channels for the allocation of insurance assets.  Since this year, the CIRC has actively encouraged insurance institutions to invest in infrastructure projects in the form of creditor's rights, focusing on 10 measures to expand domestic demand in the State Council, with emphasis on investment in infrastructure projects such as transportation, communications, energy and so on, as at the end of June, the insurance institution invested 74.95 billion yuan in infrastructure Wu Dingfu also pointed out that the current insurance assets and debt matching difficulties in increasing the risk still exist. He said that since last year, the capital market volatility, bond market yields gradually lower, insurance funds and investment between the maturity and yield matching difficult to increase.  Preliminary estimate, this year has 1.1 trillion yuan insurance funds need to configure, close to the asset stock of 30%, insurance institutions face greater investment pressure, need to calm response. He said that in the second half of the year to continue to improve the insurance assets supervision system, the establishment of large categories of insurance asset allocation, insurance assets trusteeship, insurance funds investment equity and real estate management provisions. Develop the rules and standards of insurance product asset allocation, investment capability assessment, risk assessment, performance evaluation, and support qualified insurance agencies to carry out new investment business. We will vigorously promote the trusteeship of insurance assets, develop insurance assets supervision information system, strengthen the supervision of transaction behavior, and improve the monitoring mechanism of risk and key companies and problem companies.
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