China Insurance Regulatory Commission, Circular on Matters Relevant to Strengthening and Improving the Establishment of the Investment Management Capabilities of Insurance Institutions

中国保险监督管理委员会关于加强和改进保险机构投资管理能力建设有关事项的通知

February 28, 2013 | BY

CLP Temp &

CIRC strengthens risk control by monitoring investment capabilities of insurance companies.

Clp Reference: 3910/13.01.24 Promulgated: 2013-01-24

Issued: January 24 2013

Main contents: The Circular specifies the seven types of investment management capabilities (investment capabilities in stocks, unsecured bonds, equity and immovable property, innovation capabilities in infrastructure investment plan products and immovable property investment plan products, and capabilities in the application of derivatives) that an insurance company is required to file with the CIRC for the record if it is to engage in the relevant investment management business (Article 1). At least two persons shall be assigned to be responsible for the risks of each type of investment capabilities filed (Article 4).

Related legislation: Tentative Measures for the Administration of the Application of Insurance Capital, Jul 30 2010, CLP 2010 No.9 p.31 ; and Risk Control Guidelines for Use of Insurance Funds (Trial Implementation), Apr 28 2004, CLP 2004 No.7 p.57

clp reference:3910/13.01.24 issued:2013-01-24

Issued: January 24 2013

Main contents: The Circular specifies the seven types of investment management capabilities (investment capabilities in stocks, unsecured bonds, equity and immovable property, innovation capabilities in infrastructure investment plan products and immovable property investment plan products, and capabilities in the application of derivatives) that an insurance company is required to file with the CIRC for the record if it is to engage in the relevant investment management business (Article 1). At least two persons shall be assigned to be responsible for the risks of each type of investment capabilities filed (Article 4).

Related legislation: Tentative Measures for the Administration of the Application of Insurance Capital, Jul 30 2010, CLP 2010 No.9 p.31 ; and Risk Control Guidelines for Use of Insurance Funds (Trial Implementation), Apr 28 2004, CLP 2004 No.7 p.57

clp reference:3910/13.01.24 issued:2013-01-24

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