Legislation roundup: Relaxed investments for insurance companies and evaluations for banks
July 27, 2012 | BY
clpstaff &clp articles &The China Insurance Regulatory Commission has released a series of regulations relaxing investments with insurance proceeds. The China Banking Regulatory Commission has released a set of guidelines replacing bank performance by deadlines with new criteria.
Insurance
The China Insurance Regulatory Commission has just released a series of new regulations relaxing the investment of insurance companies with their insurance proceeds, including:
China Insurance Regulatory Commission, Circular on Issues Relevant to the Investment in Equity and Immovable Property with Insurance Proceeds
Insurance companies may now invest in the equity of energy enterprises and resource enterprises as well as growth funds, M&A funds, new strategic industry funds and funds of such funds (FOFs). The net asset and solvency adequacy ratio requirements of such equity investment have been revised to Rmb100 million and 120% respectively.
China Insurance Regulatory Commission, Tentative Measures for the Administration of Entrusted Investment with Insurance Proceeds
中国保险监督管理委员会保险资金委托投资管理暂行办法
The Measures create more channels for investing insurance proceeds and allow securities companies and fund management companies to join as the entrusted investment management bodies. The scope of entrusted investment is limited to domestic deposits, and publicly issued and listed negotiable securities such as bonds, stocks and funds.
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