Insurance companies are not allowed to invest shares of listed companies

Insurance companies be allowed to invest in unlisted companies in the first three quarters stake in the use of insurance funds balance 2,880,000,000,000 yuan, an average rate of return on investment to reach 2.1%

Although the last of about 1,800 billion floating surplus this year of the insurance funds investment income to be outshone, but fast in the face of the bear market attack, the first 3 quarters of insurance or funds to achieve the 2.1 percent average return on investment.

In the Nov. 7 press conference, Yuan Li, spokesman for the China Insurance Regulatory Commission introduced the insurance funds were used structure. As of the end of Sept., the use of insurance funds balance 2,880,000,000,000 yuan, representing a growth of 7.6 percent early next year. Bank deposits of which 703,970,000,000 yuan, accounting for 24.5 percent; bonds 1,656,900,000,000 yuan, accounting for 57.6 percent; stocks, equity investment and securities investment funds 407,560,000,000 yuan, accounting for 14.2 percent; other investment 107,700,000,000 yuan, accounting for 3.7 percent.

However, the insurance companies in the first half of this year, Bank of the rapid development of insurance products, the market for insurance even vote, universal insurance, and other investment products impressive. Even for the reduced risk of investment accounts, universal insurance settlement rate of decline is inevitable Die Die and its people over the stock market linked to each other.

Conference, Yuan Li also answered questions raised by reporters, "As the capital markets in the doldrums, investment insurance agencies have also been large. But the whole industry as a whole, direct investment in the A-share market this Kim has not occurred to the loss was mainly a reduction of investment in the floating surplus. At the same time, investment funds have had some losses.

Ruoshi though, it is difficult for insurance money alone, but Yuan Li said, "As the insurance diversify asset allocation, investment in the stock and securities investment funds in the account for only 14.2 percent, and their overall risk or controlled in the range . "

According to Yuan Li, the insurance company's investment in unlisted shares have been approved by the State Council. Here, including two on the one hand, mainly for infrastructure investment, and is not listed equity investment firms. At present, the insurance fund's equity investment in infrastructure, mainly concentrated in the Beijing-Shanghai high-speed rail, and other scarce resources, and the State Council recently approved the infrastructure necessary to expand the pilot.

However, due to investment in unlisted companies share a longer cycle in general, as well as all aspects of low liquidity may be faced with a certain degree of risk, so to broaden the use of insurance funds through a double-edged sword, on the one hand, for a wide range of enterprise asset allocation , Risk diversification, access to a stable return to play an active role. At the same time, equity investment for the more cautious.

At present, relevant departments of China Insurance Regulatory Commission is studying the pilot rules, or to choose some of the main management norms, investment ability, and be able to effectively control the risks of insurance agencies to carry out pilot projects in this area. As for what projects, the next step will be to do some of the China Insurance Regulatory Commission guidelines.

In addition to allowing insurance companies to invest in unlisted shares, Jian Guanceng allow investment in real estate companies for the use of insurance funds to provide another channel. Is to seek the views of the "insurance law" mentioned in the amendment to allow insurance companies to invest real estate.

It is reported that the situation from abroad, investment in commercial real estate is real estate investment, commercial real estate investment, after the adoption of the lease to acquire a stable source of income for life insurance companies such return would be very beneficial.

"Judging from the present situation, domestic insurance companies to invest in real estate, focused on their own property in this area. However, the basic life insurance companies are not allowed in real estate development and sales, real estate investment." Said Yuan Li .