Circular of the China Insurance Regulatory Commission on Matters Concerning Increase of the Proportion of Insurance Funds Invested in Blue-chip Stocks under Regulation
Circular of the China Insurance Regulatory Commission on Matters Concerning Increase of the Proportion of Insurance Funds Invested in Blue-chip Stocks under Regulation
Circular of the China Insurance Regulatory Commission on Matters Concerning Increase of the Proportion of Insurance Funds Invested in Blue-chip Stocks under Regulation
Bao Jian Fa [2015] No. 64
July 8, 2015
Insurance group (holding) companies, insurance companies, insurance asset management companies,
Relevant matters concerning insurance funds invested in blue-chip stocks are hereby notified as follows in accordance with the Interim Administrative Measures for the Use of Insurance Funds with a view to optimizing the insurance asset allocation structure and promoting the long-term stable and healthy development of the capital market:
Article 1 Where an insurance company meets the following conditions, upon reporting to the China Insurance Regulatory Commission (hereinafter referred to as the "CIRC") for filing, the ceiling proportion of the balance of its investment in a single blue-chip stock under regulation shall be adjusted from 5% to 10% of the total assets at the end of the previous quarter; if the proportion of the balance of its investment in equity assets accounts for 30% of the total assets at the end of the previous quarter, it may further increase its holdings of blue-chip stocks, provided that, after the increase, the balance of its equity assets shall not be higher than 40% of the total assets at the end of the previous quarter:
1.
......
Bao Jian Fa [2015] No. 64
July 8, 2015
Insurance group (holding) companies, insurance companies, insurance asset management companies,
Relevant matters concerning insurance funds invested in blue-chip stocks are hereby notified as follows in accordance with the Interim Administrative Measures for the Use of Insurance Funds with a view to optimizing the insurance asset allocation structure and promoting the long-term stable and healthy development of the capital market:
Article 1 Where an insurance company meets the following conditions, upon reporting to the China Insurance Regulatory Commission (hereinafter referred to as the "CIRC") for filing, the ceiling proportion of the balance of its investment in a single blue-chip stock under regulation shall be adjusted from 5% to 10% of the total assets at the end of the previous quarter; if the proportion of the balance of its investment in equity assets accounts for 30% of the total assets at the end of the previous quarter, it may further increase its holdings of blue-chip stocks, provided that, after the increase, the balance of its equity assets shall not be higher than 40% of the total assets at the end of the previous quarter:
1.
......