CBRC: The second -generation second -generation second -generation project gives preferential policies to insurance investment bank stocks and large -scale blue chips!At the end of the second quarter of the second quarter, the investment in the Shanghai and Shenzhen 300 stocks was about 790 billion

Author:Securities daily Time:2022.09.01

On September 1st, a reporter from this reporter, on September 1, the official website of the China Banking Regulatory Commission released "the person in charge of the relevant departments of the Banking Insurance Regulatory Commission and the real economy of the insurance industry to serve the real economy of the insurance industry and support the relevant situation of the development of the capital market." In December 2021, the CBRC issued the "Insurance Company's Capital Capacity Supervision Rules (II)" ("Rules II", also known as "second -generation second -generation project"), which was implemented since 2022. The person in charge of the relevant departments of the CBRC said that from the perspective of the implementation of the first half of this year, the Rules II improved the risk sensitivity and effectiveness of the regulatory indicators, and achieved positive results in guiding the insurance industry to serve the real economy and supporting the development of the capital market. Support the insurance industry to maintain the healthy and stable development of the capital market. II II will give preferential policies for insurance capital investment bank stocks, large -scale blue chip stocks, and public fundraising infrastructure securities investment funds (public offering REITs), support the insurance industry to participate in the capital market reform, maintain the healthy and stable capital market develop. First, support insurance companies investing in blue chip stocks. Rules II's 300 major stocks invested by insurance companies allow its minimum capital to measure at a rate of 95%to support the smooth operation of the capital market. Under the guidance of policy support, as of the end of the second quarter of this year, the insurance industry invested a total of about 790 billion yuan in Shanghai and Shenzhen, saving the minimum capital of 13.8 billion yuan, which has strongly supported the smooth operation of the capital market. Secondly, it supports insurance companies to invest in publicly raising infrastructure securities investment funds (public offerings REITs). Rules II has a public offering of REITs of insurance companies, allowing the minimum capital to measure at a ratio of 80%to support the reform and development of the capital market. As of the end of the second quarter of this year, the insurance industry invested a total of about 7 billion yuan of REITs, accounting for about 13%of the total scale of REITs, and is an important institutional investor. The above -mentioned policy saving the minimum capital of insurance companies was about 720 million yuan, which strongly supported the insurance industry to participate in the capital market reform and development. Furthermore, support and encourage insurance companies to invest in bank stocks. Rules II has long -term equity investment in insurance companies' investment in the bank. If the dividend rate is met, it can exempt the impairment requirements and allow insurance companies to use its book value as a recognition value. This policy supports insurance companies' long -term holding shares of listed banks to maintain the healthy development of the capital market. Rules II enhances the in charge of the real economy of the real economy. The above -mentioned person in charge said that the rules II is an important measure to implement the spirit of the Fifth National Financial Work Conference to prevent and resolve the decision -making deployment of major financial risks. The Construction of the Rules II was launched in September 2017 to guide the return of the insurance industry to ensure the source of the origin, focus on the main business, enhance the ability of the real economy, and effectively and effectively prevent the risk of insurance industry. Complete optimization and upgrading of the solvency supervision rules. In terms of guiding the insurance industry to serve the real economy, rules II has given a number of support policies for green bonds, technological innovation, export credit insurance, agricultural insurance, and pension insurance to effectively promote the insurance industry to enhance the service real economy capabilities and enhance the service real economy quality effect. The first is to guide insurance companies to support technological innovation. Rules II allows professional technology insurance companies to measure the minimum insurance risk of insurance companies at a ratio of 90%to guide them to better serve the field of science and technology and implement the concept of innovation and development. This policy can greatly save the minimum capital of professional technology insurance companies and increase its solvency adequacy ratio. As of the end of the second quarter of this year, it supports the company to provide more than 2.1 billion yuan in risk protection for the technology field. The second is to encourage the development of exclusive business endowment insurance business. The Rules II allows the minimum longevity risk of exclusive commercial pension insurance products to measure at a rate of 90%, which effectively supports the development of the third pillar pension insurance. As of the end of the second quarter of this year, the insurance industry's exclusive commercial pension insurance products achieved a premium of about 2.2 billion yuan, showing a trend of rapid growth. The third is to support insurance companies to invest in green bonds. The Rules II allows insurance companies to invest in the minimum capital of green bonds to measure at a proportion of 90%to guide the insurance industry to implement the concept of green development and effectively enhance the enthusiasm of insurance companies to invest in green bonds. The fourth is to support the development of agricultural insurance business. Rules II allows insurance companies to measure the lowest capital risk of agricultural insurance business insurance at a ratio of 90%. At the end of the second quarter of this year, the policy saved the minimum capital of the insurance industry about 2.7 billion yuan, which could support insurance companies to provide more than 420 billion yuan in risk guarantees for "three rural areas", and effectively implemented the decision -making deployment of "food and energy security". Fifth, support the development of export credit insurance and overseas investment insurance. Rules II supports policy -long -term export credit insurance and overseas investment insurance, allowing its minimum insurance risk to measure at a ratio of 90%. Based on data at the end of the second quarter of this year, the policy can support insurance companies to provide risk protection for about 240 billion yuan for my country's exports and overseas investment, and effectively implement decision -making deployment of foreign trade. The above -mentioned person in charge stated that in the next step, the CBRC will continue to improve the standards of payment capacity, in -depth implementation of new development concepts, strengthen policy orientation, and continue to enhance the ability of insurance industry to serve the overall economic and social situation on the basis of scientific and effective prevention and control risks. Continue to support the development of commercial pension business. Based on the characteristics of commercial pension business and development reality, research and formulation of preferential solvency policies, reduce the company's capital occupation, support the insurance industry to carry out commercial pension business, and promote the healthy development of the third pillar pension insurance.

For investment assets formed by insurance funding support and implementation of national strategic decision -making deployment, study its definition standards and preferential policies, reduce its minimum capital requirements, and enhance the overall situation of insurance industry services.Picture | Site Cool Hero Bao Map.com