China Banking Regulatory Commission issued the "Regulations on the Management of Insurance Asset Management Company"

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 It also solicited the opinions of relevant parties and public opinions, and formed the "Regulations on the Management of Insurance Asset Management Company" (hereinafter referred to as the "Regulations"). It is now officially released and implemented from September 1, 2022.

The "Regulations" total 7 chapters and 85 articles. The main content: First, the special chapter of the new corporate governance is added. Combined with the supervision practice in recent years, from the aspects of overall requirements, shareholders 'obligations, incentives and restraint mechanisms, shareholders' associations and directors of the board of directors, professional committees, independent directors system, chief risk management executive officer, part -time executives, etc. Management company independence and comprehensively strengthen the system constraints of corporate governance supervision. The second is to make comprehensive supplements from the aspects of risk management as a special chapter, from the aspects of risk management system, risk management requirements, internal control audit, subsidiaries risk management, affiliated transaction management, employee management, risk reserve, emergency management, etc., and strive to enhance insurance assets Manage the company's risk management capabilities, and effectively maintain long -term security security such as insurance funds. The third is to optimize the design of equity structure. Implement the deployment of the State Council's financial commission to expand the opening of the open opening up, and treat the shareholders of the insurance asset management company's domestic and overseas insurance companies, and the upper limit of 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. The fourth is to optimize business principles and related requirements. Refine the business scope of the insurance asset management company, increase the basic principles of supporting the management of various funds, clearly require the establishment of a custody mechanism, improve the independence of assets and prohibit debt offset expressions, strictly prohibit the development of channel business, and work for sales management, cautious operations, etc. Regulations. Fifth, supplement supervision methods and illegal constraints. The contents of hierarchical supervision, information disclosure, and reports of major matters have been added, and the supervision and inspection methods and regulatory measures have been enriched, and the records of illegal archives, illegal responsibilities of professional institutions, monitoring of financial status and self -discipline management have been added.

The "Regulations" is an important measure to implement the Party Central Committee and the State Council on deepening the structural reform of the financial supply side and expanding the decision -making and deployment of opening up to the outside world. The institutional supervision system framework with relatively complete system and more distinctive characteristics provides space for the market -oriented operation and differentiation development of insurance asset management companies, which is conducive to guiding and promoting the standardized operation and high -quality development of insurance asset management companies, which is conducive to better To meet the demand for long -term funds such as insurance funds, it is conducive to cultivating more stable institutional investors for the smooth and healthy operation of the capital market and the high -quality development of the real economy.

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