December 19, 2008

Ji Zhao Insurance Regulatory Commission, the stock market plunged after the insurance company thoroughly Asset Management

"Business News" learned from a number of insurance companies, the China Insurance Regulatory Commission yesterday for more than 10 insurance companies issued insurance asset management to be held under the theme of the meeting. Issued a notice to convene the meeting time and time Jinge day.

It is reported that China People's Insurance, China Pacific Insurance, China Ping An, Huatai and Pacific Life Insurance and so on a large premium or have a larger share of insurance funds can be used both to inform the participants in the list, the China Insurance Regulatory Commission Vice Chairman Yang Mingsheng will attend the meeting.

Last week, data released by the China Insurance Regulatory Commission show that as of September, the insurance assets amounted to 3,185,420,000,000 yuan, the growth ring than 142,894,000,000 yuan; insurance funds amounted to 2,172,159,000,000 yuan of investment, growth ring than 162,610,000,000 yuan. Must be noted that the investment of insurance funds and insurance funds increase the actual operation is different. 9 months ago because of the insurance premium income continued to show significant improvement can be used to limit investment in natural sync surge in capital flows from the stock market, insurance funds are still in a state of net selling.

Insurance funds so far this year has always been regarded as the capital market "short" the main force in the Shanghai Composite Index approaching 1,700-point mark, the role of insurance funds will directly affect the market. At this point the convening of the "emergency" meeting, leaving the market to a lot of imagination, whether or not the China Insurance Regulatory Commission would have blown the insurance companies, "Fan" is not yet clear. From this meeting that the subject more or less, "thoroughly" a significant component.

Notice of the specific content of the meeting, including requiring insurance companies that the basic insurance asset management, including asset size, structure, quality, strategy and the allocation of investment income, and so on; in the study of insurance asset management problems, the emphasis will be put In the real risks and potential risks, the degree of risk, risk distribution and risk the bottom line, and so on; also require insurance companies to guard against that risk insurance asset management taken by the major measures to implement the technical means and effects.

From China Life, China Pacific Insurance and Ping An of China's three Quarterly Bulletin, insurance funds 9 months before the huge loss of investment, China Ping An ability to profit this year is still uncertain.

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