The financial industry is open to the outside world and expands insurance asset management companies' foreign capital holdings upper limit to cancel ｜ News

Text/Wu Min

On August 5th, the CBRC officially issued the "Regulations on the Management of Insurance Assets Management Company" (hereinafter referred to as the "Regulations"), which will be implemented from September 1, 2022.

The "Regulations" implemented the deployment of the State Council's Financial Commission to expand the opening of the opening of the opening of the outside world. As soon as the shareholders of the insurance asset management company's domestic and overseas insurance companies shall be treated equally, and the proportion of foreign capital holdings will be canceled. In addition, all types of shareholders have clear and set uniform applications, and strictly manage non -financial enterprise shareholders.

At the same time, the business scope of insurance asset management companies has been refined, the basic principles of supporting the management of various types of funds are increased, and the custody mechanism is clearly required, the independence of assets is improved, and the prohibition of debt offsets is strictly prohibited. The operation and other regulations have been provided.

Since 2003, my country has established 33 insurance asset management companies. At present, various insurance asset management companies have managed total assets of more than 20 trillion yuan by issuing insurance asset management products and trustee management funds. After nearly 20 years of development, insurance asset management companies have accumulated rich experience in long -term capital management, large -scale asset allocation, long -term asset creation and absolute income acquisition. It has become the core manager and capital market of long -term funds such as insurance funds and capital markets. Important forces of major institutional investors and serving the real economy.

In order to regulate the development of insurance asset management companies, the regulatory authorities issued the "Interim Provisions on the Management of Insurance Asset Management Company" in 2004 (hereinafter referred to as "Original Regulations"). In 2011 and 2012, the "Notice on Adjusting the Interim Provisions on the Management Company of Insurance Asset Management Company" and the "Notice on Relevant Regulations" and "Notice on Relevant Matters of Insurance Asset Management Company". These systems together constitute the institutional regulatory regulations of insurance asset management companies and operate to this day. With the in -depth advancement of financial supply -side structural reforms, the implementation of the new rules of asset management, the growing growth of residents' endowment guarantees and wealth management needs, and the lagging and applicability of relevant regulatory systems have become more and more prominent. Essence

In order to further deepen the structural reform of the financial supply side, strengthen the supervision of insurance asset management companies, and promote the high -quality development of the insurance asset management industry, the China Banking Regulatory Commission has revised the original regulations and solicited relevant parties and public opinions and suggestions, and formed the "Regulations".

The relevant person in charge of the CBRC said when answering reporters that insurance asset management companies are the product of professional development of insurance funds. From the perspective of past practice, most of the equity structure of most insurance asset management companies is more concentrated, focusing on the management of the parent company or insurance funds in the system. The rules, the lack of a relatively independent and systematic regulatory system, constrained the development to a certain extent. The release of the "Regulations" is conducive to further enhance the independence of insurance asset management companies, improve marketization and professionalization, and promote high -quality development.

Edit: Meng Junlian

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