National Financial Supervisory Administration: The transition period for the insurance company's solvency regulatory rules has been extended until the end of next year.

The National Financial Supervision and Administration Bureau announced that it has decided to extend the transitional period for the solvency regulatory rules (II) for insurance companies, originally set to end this year, until the end of next year. Among them, insurance companies that are significantly affected by the switch between the old and new rules regarding solvency adequacy ratios may communicate with the Financial Supervision Bureau and dispatched institutions about the transitional policy before January 15 next year. The Financial Supervision Bureau will determine the transitional period policy for each company by the end of February next year. The transitional period policy already enjoyed by a single insurance company will, in principle, not be better than the policy enjoyed by the insurance company in the last year of its original transitional period.

AASTOCKS10:12

After long-term bonds fell below 2%, insurance funds shifted towards equity assets, with high dividend and high ROE being the top choices.

Recently, the yield on 30-year government bonds has fallen below 2.0%. Guosen believes that the central tendency of long-term bond rates continues to decline, and the pressure on investment income from insurance funds is further increasing. Since the beginning of this year, companies represented by Great Wall Life, China Pacific Insurance, and Ruizhong Life have been increasing their stakes in high-quality listed companies, mainly concentrated in industries such as utilities, transportation, and Banks, which have high dividend yields and relatively stable ROE levels.

wallstreetcn09:16

Express News | China Life Insurance invested 10.5 billion in a subsidiary of Ansteel Group.

Breakings08:54

Three insurance companies have been approved to issue bonds worth 39 billion. Insurance companies have replenished a total of 117.5 billion yuan this year, slightly exceeding last year's total.

① On the same day, the Financial Regulatory Bureau disclosed that the perpetual bonds or capital supplement bonds issued by Ping An Life, China Postal Insurance, and China United Property Insurance have been approved, with a cumulative approved issuance scale not exceeding 39 billion yuan; ② The demand for "blood replenishment" in the Insurance Industry remains significant within the year. As of December 20, the cumulative issuance scale of capital supplement bonds and perpetual bonds by Insurance Institutions has reached 117.5 billion yuan, slightly higher than the total for last year.

cls.cnDec 20 21:27

Express News | The National Financial Supervision and Administration Bureau has published matters regarding the extension of the regulatory rules for Insurance company solvency supervision (II) transitional period.

BreakingsDec 20 17:36

The National Financial Regulatory Administration: Insurance companies engaging in Private Equity investment must pay attention to risks such as asset-liability mismatches.

The National Financial Regulatory Administration has formulated and issued the "Guidelines for the Application of Internal Control in Insurance Fund Operations (No. 4 - No. 6)", which mentions that when insurance companies engage in Private Equity, real estate investments, and financial product investments, they must at least pay attention to risks such as asset-liability mismatch risk, credit risk, market risk, liquidity risk, legal compliance risk, and operational risk. Furthermore, insurance companies should comply with relevant laws and regulations and regulatory requirements, establish a control mechanism for related party transactions covering underlying Assets, fulfill responsibilities related to the approval and information disclosure and reporting of related party transactions, and prevent Shareholders, actual controllers, Directors, supervisors, and senior management from exploiting related party transactions.

AASTOCKSDec 20 16:09