Bank Insurance Fund jointly launch an attack in September bond Growth Trust 500,000,000,000

Central Treasury Bonds Depository and Clearing Corporation (debt in boarding) recently released data show that 9 at the end of the bond trustee for the volume of 14,470,000,000,000 yuan, an increase from the previous month 522,409,000,000 yuan, of which nearly seven votes to become the central, national firms, insurance agencies, funds At the same time, such as accelerated investment in bonds.

The data only in debt Deng registration, hosting, clearing the relevant book-entry bonds, excluding bonds (E-2 with the exception of bonds) as well as directly in the boarding card registration, hosting of the convertible bonds, and so on. As a result, the bond market as a whole in September hosted the actual increase in the amount of data may be far more than 500,000,000,000 yuan.

National firms, "The Return of the King"

Gordon in debt show that as at the end of 9, a national firm's bond trustee for the amount of 8,160,000,000,000 yuan, an increase from the previous month at the end of 226,400,000,000 yuan, is a single month since May incremental hosting a new high. The data also show that the national business conduct that month in the bond market Zengcang up the largest category of a body by the end of the previous three months also continued to reduce the hosting of the "trend", hosted more than the balance by the end of June.

The industry believes that the debt in accordance with Deng announced by the data estimated that hosting a national firm increment bonds from the central part of the vote, which is on the market in September with the central line with a considerable increase in the demand for tickets.

Statistics show that in September, a nationwide firm to reduce the amount of debt trusteeship 27,888,000,000 yuan, the National Bank to increase Jinrong Zhai 22,529,000,000 yuan, Jin Rongzhai Import and Export Bank, the Agricultural Development Bank Jinrong Zhai, Rongquan short of the amount of change in the Trust within 7,000,000,000 yuan. The above-mentioned types of hosting a total of almost unchanged. As a result, national firms to increase the amount of bonds hosting some of the bills from the Central Bank and commercial bank bonds. September, the central bank votes and the bond trustee business volume increased 355,000,000,000 yuan and 44.7 billion.

Although the central bank in September to begin to relax monetary policy, lowered the benchmark interest rate and deposit reserve ratio, but because of commercial banks and other institutions of the central needs of a very strong vote, the central counting circulation around high, the central bank "passive" money from circulation. September 2 1 last year to reach the central circulation votes or more than 100,000,000,000 yuan. Of course, some analysts believe that the central issue of vote of the sharp rise of "hedging" the deposit reserve ratio and interest rates will go down intention. In addition, in order to raise the capital adequacy ratio and increase working capital, commercial banks have also accelerated the bonds (general financial bonds, subordinated bonds, etc.) to issue, and September commercial banks led to the bond trustee of a significant increase of 44.7 billion.

Insurance institutions "fast attack"

September, in addition to national firms, are extremely active in the investment bond earlier the insurance sector and the bond trustee of the Fund also continues to increase. Data showed that 9 at the end of the insurance sector debt amounted to hosting 1,340,000,000,000 yuan, an increase from the previous month at the end of 108,268,000,000 yuan, the Trust Fund Notes volume of 1.04 trillion yuan, an increase from the previous month 100,777,000,000 yuan, which hosted the bond insurance agencies in a single month Incremental hit a new high in recent years.

Data show that the insurance sector to increase the amount of the bond trustee for distribution: 30,110,000,000 yuan of corporate bonds, the Bank Jinrong Zhai 18,653,000,000 yuan, the central and commercial banks votes of about 50,000,000,000 yuan bonds, and so on; Trust Fund Notes in the amount of nearly 700 million dollars in Since the votes in central and commercial banks, bonds, 100 billion comes from countries such as the opening line Jinrong Zhai.

In addition, the bond trustee in September increased more other agencies are: 29,507,000,000 yuan securities companies, credit unions 22,679,000,000 yuan, city businesses, such as 23,173,000,000 yuan.

Insurance has become a small pilot project to promote the development of three agricultural insurance incision

From the authority of the department up-to-date statistics show that China's agriculture and small in property insurance, life insurance in the Small, Small accident insurance, health insurance, and other small varying degrees of development, agriculture and micro-insurance and property insurance products Has reached more than 160. Micro-insurance has become a pilot rural insurance development incision.

Heng Standard Life Insurance Index report showed that cities with the overall average life of the township, the township's overall average scores were significantly higher than cities or towns in the risk scores are significantly higher than the city at 5.14, while the township on the life insurance industry the impression that Over the city, its index score to be significantly higher than 7.23, the township's intention to purchase life insurance was significantly higher than the city.

Actively promote the work of the China Insurance Regulatory Commission, set up a special Task Force on June 17, 2008, issued a small rural life insurance pilot program to inform formally open the door to micro-insurance pilot. Encourage qualified insurance companies to low-income groups in rural areas as the main target market, micro-insurance products, to develop small business in rural areas. At present, the choice of 9 provinces and autonomous regions in central and western rural areas of the pilot to carry out the type of micro-safeguard pure accident insurance and small life insurance on a regular basis.

It is reported that 60% of the pilot area farmers in 2007 per capita income is less than 3,000 yuan. According to the insurance requirements of the pilot, specifically for farmers starting point for the development of low pay, insurance procedures simple and relatively high protection insurance products. If the. China Life Insurance (601,628, it shares) of the Small Town of insurance products than the current rate of 20% of the product.

However, the potential of rural demand for insurance and insurance services, lack of conflicts has always existed, and agricultural high-risk operating costs and ability to pay farmers less than the conflicts are carried out in small business gradually. Therefore, how to resolve these contradictions is not only a matter of the insurance industry, need to force the parties to form a joint force.

Insurance premiums receivable clean-up sprint companies see the fee into a single tool for land clearance

"We are busy cleaning up the premium due, if not standard, the responsible people to Kougong Zi, and no promotion." An Insurance Company sources. There are more than two months from the end of the year, the Insurance Company In addition to the busy business and Latin America, but also busy cleaning up the premium accounts in order to ensure the completion of the corresponding indicators.

Premiums receivable at a high level, has been troubled by problems of the Insurance Company. A few days ago a herd on the auto service arrears accumulated Union Insurance Company 11,000,000 yuan of premium, the premium will once again be exposed in the risk of misappropriation.

At present, the Insurance companies are almost certain premiums receivable. With the increasingly fierce market competition, has become a staging fee Chanxiangongsi practices.

People's Insurance Department of Insurance auto insurance, general manager of Zhong You side of the "Business News" said that a lot of market intermediaries Insurance non-standard, the premium receivable is too high, not only affected the insurance company's cash flow, premiums are There is the risk of diversion. PICC Property Insurance Center Daily News revealed that in the first half of this year, the premiums receivable and accounts Acting 13,900,000,000 yuan, an increase of 6,761,000,000 yuan.

In general, the premium rate should be due no more than 8%, but the proportion of individual companies as much as 20%. The premium rate accounts is too high, so that the bad debt reserve a corresponding increase in the amount of extract, and then affect the underwriting profit. In addition, the premiums receivable are often non-existent in the industry for premium-sharing and excess fees.

In July this year, the China Insurance Regulatory Commission issued "on the strengthening of the insurance premium receivable management issues," which called for strengthening the Receivables premium collection and clean-up. "Our company's premiums receivable management and more severe punishment, and demand for a full year to clean up." Insurance, a company official said.

Fang Zhong You said that due PICC Property Insurance premiums are strictly controlled by one of the key indicators, all of the branches provides for strict liability of the outstanding bad debt reserves and reserve targets, and so on, and received clearance to duty , A strict examination of the indicators. Country life Insurance Company of Heilongjiang Province, deputy general manager of Fan Cheng Wan said that the premium rate accounts are the most rigorous examination of the target company on the basis of paid-up insurance premium rates to reach the corresponding performance evaluation. Insurance and the sun is on the staff from the Division of the existence of premiums receivable, asked not to apply for clearance from the Secretary, Zuo Zhi, premium misappropriation of the deadline to clean up.

The trial is currently "see a single fee," Insurance companies clean-up due to become an effective tool for insurance premiums. See a single fee, that is, insurance companies or financial core business systems based on the full premium charges recorded information and to confirm in real time, the business generated system only official policy. According to the relevant provisions of the China Insurance Regulatory Commission, the system will be on January 1 next year in strong cross-risk auto insurance business and at the same time, if by then the implementation of these two companies will close down operations.

Cast even from the collective "surrender the door" to mislead the insurance business since the bitter fruit of food

Editor's note even dangerous for the large-scale surrender, many years ago in China Ping (601,318 stock right) who took the lead, but not from misleading sales disappeared, life and death through reincarnation, the more life insurance at the moment is that this taste A bitter fruit.

When people's attention is also focused on the financial crisis caught up in the foreign insurance giant's body, parts of the domestic life insurance companies are also experiencing an "earthquake" for a few years ago even dangerous storm is now surrender again. Life of life, Hai Kang Life has become the face of a "surrender door", "peace." People can not help wonder, how to vote even whether the risk?

In fact, not even for insurance, universal insurance is the surrender of the events leading role, but what set off the fuse of the incident.

Business risk:赔本赚吆喝

"Even for insurance and risk everything belongs to risk a long, usually with the character of investment products. Now the stock market, insurance companies, the investment income is not high, so investors would rather lose some money to their cash after the bank, Therefore, the policyholder can surrender to understand. "Believe that a united life.

Insurance people Tianjin, a branch believes that the fuse of the main cast or even significantly reduced risk of the accounts, consumers could not accept the reality of shrinking assets.

Show that even in the third quarter for stock-based insurance account to reach an average of 14.97 percent decline, the smallest decline for 9.24 percent, the biggest decline reached 25.30 percent. Over the same period, the SSE Composite Index decrease of 16.17 percent, 19.33 percent decline in Shenzhengchengzhi, Shanghai and Shenzhen 300 is 19.63 percent.

Capital markets staged high-profile diving is dangerous for even the surrender of customer motivation, but no one would blame vague and market them. The man-made misleading sales is a potential fuse. Beijing at a large bank that is relevant, if the insurance company sales objective, fair and just manner to promote products, as the capital market so that the poor investment returns decline, customers appear surrender is normal and understandable. However, large-scale surrender, the insurance company is certainly a problem area.

The influx of surrender, insurance is a misleading sales incentives, but there are also other factors. Bank of the above-mentioned persons, insurance agents in marketing without a thorough, clearly prompted the risk on the one hand, is. On the other hand, although customers have full insurance risk suggest that there are mechanisms and return customers to confirm transactions, but the customer's own understanding of the product is not comprehensive enough, customers will also be wrong to buy a misunderstanding, caused the risk of surrender.

The insurance companies misled customers ignorance of the market's slump appeared to be the surrender of this incident, but some of the insurance companies really赔本赚吆喝product is an indisputable fact.

Insured: eat a cutting wisdom

From the rose through the Xiamen Machinery %26amp; Electronics Exhibition away, and even voted for the risk insurance, universal insurance apathy, and the dividends become a dangerous new favorite of the industry.

Reporters learned that Xinhua Life Insurance, and is currently selling insurance dividends, even for insurance, universal Xianyao sale until next year. In addition, China Life Insurance (601,628, it shares) Shanghai Branch since October 1 has already started even voted to stop selling insurance, a universal insurance.

"Banks and Insurance Companies in the market for selling insurance is not even appropriate, China Life Bancassurance channel will focus on dividend-selling products." Shanghai Branch of China Life Insurance, deputy general manager Li has said.

However, a Beijing China Life Insurance salesman told reporters, we are the main selling insurance dividends, but even for insurance, universal insurance sales also.

The ICBC, Bank of China a number of bank branches, financial centers, even for insurance, universal insurance is still for sale, the bank is the Bank for selling insurance products more cautious and strict. "At present, the regulatory authorities for the Bank of security products is quite strict supervision." Bank of China (601,988, it shares) A staff member told reporters.

A policyholder is on the Internet complained that he regularly bought a 5-year investment-type insurance, but its rate of return than bank interest rates of 1 / 3, and the time to pull out of the insurance proceeds are at least 6%. "In the future, do not insure their products, the company rotten, rotten products." Appears to be the person to eat a cut, the wisdom.

Involved in the surrender of the storm is basically small and medium-sized enterprises insurance, life insurance and the Big Three are not involved. Perhaps the fear was in the cast even dangerous storm surrender, as well as changes in the capital market, the Big Three domestic life in this round of the vote even dangerous products on the sales performance was very cautious.