Circular on Issues Relevant to the Regulation of the Investment and Acquisition of Equity Stakes in Insurance Companies by Limited Equity Investment Partnerships
关于规范有限合伙式股权投资企业投资入股保险公司有关问题的通知
The capital contribution or shareholding of each PE partnership may not exceed 5% of a single insurance company.
(Issued by the China Insurance Regulatory Commission on, and effective as of, April 17 2013.)
(中国保险监督管理委员会于二零一三年四月十七日发布施行。)
Bao Jian Fa [2013] No.36
保监发〔2013〕36号
各保险公司、保险资产管理公司，各保监局：
为进一步落实《中国保监会关于鼓励和支持民间投资健康发展的实施意见》（保监发〔2012〕54号），引导民间资本合理有序地进入保险行业，根据《中华人民共和国保险法》、《保险公司管理规定》等有关规定，现就有限合伙制股权投资企业投资入股中资保险公司有关问题通知如下：
第一条 有限合伙制股权投资企业投资入股保险公司，应当符合以下条件：
（一）被投资的保险公司存在控股股东或者实际控制人，且股权结构合理，公司治理良好稳定。
（二）如实披露资金来源和合伙人背景情况，包括名称或者姓名、国籍、经营范围或者职业、出资额等。
（三）负责执行有限合伙企业事务的普通合伙人，应当具有良好的诚信和纳税记录，无重大违法违规记录，并承诺资金来源不违反反洗钱的有关规定，且对股权投资企业投资入股保险公司承担相关责任。
（四）在单个保险公司中，单个有限合伙制股权投资企业的出资或者持股比例不得超过5%，有限合伙制股权投资企业的出资或者持股比例合计不得超过15%。
（五）有限合伙制股权投资企业不得成为保险公司的第一大股东、控股股东或者实际控制人，不得参与保险公司经营管理。
（六）有限合伙制股权投资企业设有存续期限的，应当在存续期限届满前转让所持保险公司股权。
（七）中国保监会规定的其他条件。
第二条 有限合伙制股权投资企业投资入股保险公司，应当向中国保监会提出书面申请，并提交以下材料:
（一）基本情况，包括营业执照复印件、经营范围、组织管理架构、在行业中所处地位、投资资金来源、对外投资、自身及关联机构投资入股该保险公司以及其他金融机构的情况；
（二）经会计师事务所审计的上一年度财务会计报告；
（三）最近三年的纳税证明和由征信机构出具的征信记录；
（四）合伙人、合伙企业与保险公司其他投资人之间关联关系的情况说明，不存在关联关系的应当提交无关联关系情况的声明；
（五）股权认购或转让协议书，及合伙企业同意投资的证明材料；
（六）最近三年无重大违法违规记录的声明；
（七）中国保监会规定的其他材料。
第三条 本通知自发布之日起实施。
Insurance companies, insurance asset management companies and bureaux of the China Insurance Regulatory Commission (CIRC):
With a view to further implementing the China Insurance Regulatory Commission, Implementing Opinions on Encouraging and Supporting the Healthy Development of Private Investment (Bao Jian Fa [2012] No.54) and guiding the rational and orderly entry of private capital into the insurance industry, we, pursuant to relevant provisions such as the PRC Insurance Law and the Provisions for the Administration of Insurance Companies, hereby notify you on matters relevant to the investment and acquisition of equity stakes in Chinese-invested insurance companies by limited equity investment partnerships as follows:
Article 1: To invest or acquire an equity stake in an insurance company, a limited equity investment partnership shall satisfy the following conditions:
(1) the investee insurance company having a controlling shareholder or de facto controller, its equity structure being rational and its corporate governance being sound and stable;
(2) its having truthfully disclosed the source of the funds and the background information on its partners, including their names, nationalities, scopes of business or professions, capital contribution amounts, etc.;
(3) the general partner that is responsible for executing the limited partnership's affairs having a good integrity and tax payment record, not having a record of major violations or laws or regulations, and undertaking that the source of the funds does not violate relevant anti-money laundering provisions and that it will bear relevant liability for the investment or acquisition of an equity stake in the insurance company by the equity investment partnership;
(4) the capital contribution or shareholding percentage of one limited equity investment partnership in one insurance company may not exceed 5%, and the total of the capital contribution or shareholding percentages therein of limited equity investment partnerships may not exceed 15%;
(5) a limited equity investment partnership may not become the largest shareholder, controlling shareholder or de facto controller of an insurance company and may not participate in the operation and management thereof;
(6) if a term of existence has been set for a limited equity investment partnership, it shall transfer the equity it holds in the insurance company before the expiration of such term; and
(7) other conditions as specified by the CIRC.
Article 2: When a limited equity investment partnership wishes to invest or acquire an equity stake in an insurance company, it shall submit a written application and the following materials to the CIRC:
(1) its basic particulars, including a photocopy of its business licence, its scope of business, organisational and management structure, its position in the industry, the source of the investment funds, its investments in third parties, and details of its and its affiliates' (proposed) investment and acquisition of equity stakes in the insurance company and other financial institutions;
(2) its financial accounting reports for the previous year audited by an accounting firm;
(3) proof of its payment of taxes for the most recent three years and a credit record issued by a credit information agency;
(4) an account of the affiliations between the partners/partnership and the other investors in the insurance company, and if no affiliation exists, a statement to that effect;
(5) the equity subscription or transfer agreement, and materials evidencing that the partnership consents to the investment;
(6) a statement that it does not have a record of major violations of laws or regulations during the most recent three years; and
(7) other materials as specified by the CIRC.
Article 3: This Circular shall be effective as of the date of issuance.
clp reference:3910/13.04.17 prc reference:保监发 [2013] 36号 issued:2013-04-17 effective:2013-04-17This premium content is reserved for
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