China Insurance Regulatory Commission, Tentative Measures for the Administration of the Application of Insurance Capital

中国保险监督管理委员会保险资金运用管理暂行办法

November 09, 2010 | BY

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CSRC controls margin trading of insurance companies and prohibits speculation.

Clp Reference: 3900/10.07.30 Promulgated: 2010-07-30 Effective: 2010-08-31

Promulgated: July 30 2010
Effective: August 31 2010

Main contents: The Measures requires an insurance group (holding) company or insurance company to strengthen management of interbank lending, bond buyback, margin trading and short selling, strictly control margin scale and the use of leverage and prohibit speculation and the use of funds from short-term interbank loans to invest in high risk and low liquidity assets. The participation of insurance capital in derivatives transactions shall be limited to the hedging of risks and may not be used for speculation or amplification of trading (Article 47).

clp reference:3900/10.07.30prc reference:保监会令 [2010] 第9号promulgated:2010-07-30effective:2010-08-31

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