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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.
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.
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.
Express News | Ping An Insurance provides over 1 billion yuan in funding support for agricultural-related industries in Inner Mongolia.
Quick look at the Hong Kong market | All three major Indices closed higher, the Science and Technology Index rose nearly 2%; technology, Autos, and Biotechnology stocks climbed, with Li Auto rising over 5%, and Xiaomi Group and WUXI BIO rising nearly 3%.
Many Network Technology stocks are rising, XIAOMI-W is up 2.84%, Baidu Group-SW is up 1.74%; Semiconductor stocks are all rising, HG SEMI is up 7.64%, BEKE is down 2.78%; Autos stocks are climbing, LEAPMOTOR is up 6.42%, BRILLIANCE CHI is up 6.29%;
Major bank ratings丨CMB International: Maintain "Shareholding" rating for the insurance Sector. Bullish on China Pacific Insurance, China Life Insurance, Ping An Insurance and AIA.
Glory Financial reported on December 18 that this year, China's Insurance industry has entered a new stage of high-quality transformation under the protection of policies and a low-interest rate environment. Due to considerations of preventing interest rate risk, the regulatory authority has lowered the upper limit of life insurance pricing interest rates by 100 basis points within two years, starting this cycle of declining life insurance pricing rates. It is indicated that the property insurance industry, along with the rapid increase in the ownership and penetration rate of Electric Vehicles, is expected to further open up premium growth opportunities in car insurance; the introduction of innovative non-auto insurance products and the ongoing strengthening of regulatory risk reduction management lay a foundation for diversified operations and high-quality development in the industry. It is indicated that the current board.