China Banking and Insurance Regulatory Commission, Circular on Amending Certain Regulatory Documents in the Field of Insurance Capital Application

中国银行保险监督管理委员会关于修改保险资金运用领域部分规范性文件的通知

December 30, 2021 | BY

Susan Mok

CBIRC revised regulations to enhance the effective use of insurance capital

Issued: December 8, 2021

Main contents: The restrictions on the number of service brokers and custodians when insurance institutions participate in securities trading are abolished, the frequency of information disclosures on investment management capabilities is reduced and insurance institutions are further encouraged to invest in standardized products on their own.

The investment of insurance capital in equity investment funds actually controlled by non-insurance financial institutions is permitted, the restriction on the scale of the offering of any one venture capital fund in which insurance capital is invested is abolished, the strengthening of cooperation between insurance institutions and professional equity investment firms is supported and the long-term funding sources of venture enterprises are expanded.

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