Bank Insurance heat of the financial crisis under the proposed risk management

State-controlled financial institutions should be dominant in the opening to the outside world

International financial crisis on Asian financial markets and the insurance industry's increasing influence in the recently held "in the 21st century the Asian financial year", from banking and insurance institutions on the global financial crisis brought about by the Enlightenment and the countermeasures Were discussed, agreed that the financial institutions in the day-to-day management to strictly control the size and risk.

Banking: more attention should be given to credit risk

Bank of China Deputy Governor Zhu Min, predicted that China's economy will face a V-adjusted GDP in the fourth quarter of the ring than the growth rate will decline to about 4.5 percent, or down until the first quarter of next year, and the investment step by step with the country 4,000,000,000,000 In place, expected in the second half of next year the economy could rebound quickly.

Zhu Min, believes that China's economy rebounded strongly after a sharp decline in the "V"-type process in Europe and the United States and "L" shaped recession in different states should have confidence in China's economy. Global economic growth next year is expected in about 2.6 percent, Europe, the United States and Japan on the world's GDP contribution is zero degrees, which is one of the world for the first time in Europe, America, Japan and the three major economic entities around the world on the economic contribution of zero degrees, which makes The pattern of global economic growth in 2009 will be a fundamental change.

Zhu Min pointed out that the economic downturn in the export, manufacturing, real estate, as well as real estate-related profits in 26 industries fell, the decline in the company's major clients are banks, the banking industry is facing down the quality of assets resulting from changes in the And the resulting gains arising from changes in the banking risks. As a result, next year the banking sector should pay more attention to credit risk, the size of assets and liabilities concerned, concerned about the growth of the entire investment, as well as the restructuring of the entire balance sheet restructuring, at the same time, it is necessary to strengthen the overall market risk management and liquidity management.

China Construction Bank vice president Fan Yifei of the view that the crisis must not be denied the full features of China's financial sector reform and opening-up, but in the process of opening up to the implementation of the concept of national sovereignty of the financial, banking, securities and insurance sectors in the opening to the outside world, China Financial institutions should be in a dominant position, the state-controlled financial institutions should be in a dominant position. In addition, as China's financial sector continue to push forward the comprehensive management of different types of institutions, especially the capital of the smaller securities firms doing business there should leverage ratio. Based on the structure of the special nature of the assets, China's financial sector to provide financial services, with particular emphasis on agent-based business, self-employed business to strictly control the scale and risks.

The insurance industry: risk management is essential to strengthen

China Life Asset Management Miao Jianmin, chairman of the view that risk management, insurance and other financial institutions have many similarities, such as the balance of risks and benefits of the relationship between debt ratio control, with the balance of the market mechanism to monitor the relationship between changes in monetary policy to deal with Medium and long-term impact, and so on. The insurance company for risk management, balance sheet management.

Chinese People's Property Insurance Company president Wang Cheng said that the non-life insurance companies to establish the first effective operation of thought, based on underwriting profit, try to do a good job insurance operation. He also believes that the introduction of venture capital management, risk management and economic value-added accounting is very necessary to develop applications of the technology venture capital, to guard against the risk of building a technological base. At the same time, to strengthen cost control to prevent the spread of pricing risk. In addition, the insurance industry to integrate the value chain, to guard against systemic risk industry.

Wan Feng, president of China Life Insurance Co., Ltd. said that insurance companies should not only concern the overall risk management, but also of individual attention to risk management; are asked to note the management of business risks, but also concerned about the risk of asset management. In addition, in the future operation and management process, insurance companies should pay attention to the economic cycle and the cycle of insurance, changes in economic policies, laws and regulations, changes in regulatory policy, financial markets, deterioration of the situation, the risk of catastrophe, public confidence in the management of insurance companies and so on Caused by systemic risks.