Ralph Lauren pas cher bset Insurance investment ch -

syth87dsvdc

Insurance investment channels open and control design

Broaden the investment channels for insurers both from the international experience, or from China in terms of the insurance industry itself needs to further open up investment channels and investment securities must be the trend of insurance investment in China, and the further opening of the insurance investment channels for insurance companies to invest in professional development characteristics. Combined with China's current situation, can consider opening up of the following investment channels of insurance funds: 1, inter-bank lending market; 2, insurance private placement funds; 3, as institutional investors entrusted fund management company part of the assets; 4, non-ordinary Shares of equity investments, such as participation in state-owned shares and legal person shares subscribed; 5, directly involved in the stock market; 6, initiated the establishment of industrial investment funds involved; 7, the establishment of securities investment funds involved in the formation; 8, foreign currency assets. Investment channels open to suggestions for the above, the following points need special instructions. First,[link widoczny dla zalogowanych], into the inter-bank lending market to further improve the interbank market structure, establish its position in China's capital market, as well as short-term funds to help insurance companies are positive. The one hand, the operations of major insurance companies have complied with the People's Bank of China for the main inter-bank lending market, the basic standards, and major insurance companies have is the inter-bank bond business in the interbank market members to enter the interbank market low-cost technology facilities, the major insurance companies have joined the inter-bank lending market with the eligibility criteria. On the other hand, the insurance companies to enter the inter-bank lending market that is able to supply a rich source of short-term capital market, but also for the insurance company to provide a better channel for short-term funds, insurance companies and current members of the inter-bank lending market has brought benefits. Second, insurance companies, initiated the establishment of private placement funds and entrusted to a qualified fund management companies to manage investments in the stock market and insurance, common requirements, and can produce win-win situation. Set up by the insurance company as a sponsor of the insurance directed to raise funds, insurance funds according to the characteristics of both the design of investment solutions tailored to address the urgent and special insurance funds, investment needs, but also can solve the cultivation of institutional investors in Chinese Stock Market historical issue. On the other hand, initiated the establishment of the insurance by the insurance companies to raise funds directed by the high-quality basic accessibility fund management companies. Third, participation in state-owned shares and legal person shares subscribed and the insurance funds investment funds, especially the use of life insurance requires very match. Life insurance funds, especially funds with long-term, follow-up of the obvious characteristics, for the less demanding the liquidity of funds, so more suitable for medium to long term strategic investment. Insurance funds, institutional investors as an important reduction of the work involved in state-owned shares, will improve the governance structure of listed companies have a positive effect: to some extent reduce ownership concentration of listed companies, so that institutional investors increase the proportion of shareholders, indirectly, through the general meeting of shareholders of corporate management decisions. At the same time, institutional investors in the company's influence to enhance decision-making, make corporate management more concerned about their long-term interests,[link widoczny dla zalogowanych], reflects the interests of investors. Furthermore, the insurance funds can be involved in state-owned shares on the stock market shock absorber. Insurance funds to determine the characteristics of long-term liabilities special emphasis on long-term insurance funds, investment returns, not the blind pursuit of short-term gains, even according to the needs of state-owned shares locked the flow of three to five years. And participation in a similar state-owned shares, legal person shares subscribed insurance funds can also play a profound impact and generate multi-pattern of each win. Fourth, the insurance funds directly into the stock market is needed and feasible. The past decade China's stock market is basically the average investment rate of return reached 22% -30% annually,[link widoczny dla zalogowanych], a high return on investment of insurance funds allowed into the insurance fund would face relative to the depreciation of the crisis. And has recently cut interest rates in China are faced with strong pressure, the existing insurance assets in bank deposits and bonds will face shrinking asset risk, and interest rates will not bring negative impact on stock investment, thus allowing insurance funds to directly intervene in the market very urgent, only the direct investment in the stock market can only be combined reasonably high returns on investments and effectively hedge interest rate risk. On the other hand, the insurance funds directly into the market is also feasible. The experience of developed countries shows that over the past 30 years,[link widoczny dla zalogowanych], the insurance funds directly into the market of insurance companies and stock markets are very favorable. In the international insurance companies are the major supplier of long-term capital market, but also the major stock market institutional investors. In the United States, American Life Insurance Company in 1999, 55% of assets in securities, and insurance funds to invest in the stock market rate of return as high as 14.4%. After ten years the Chinese stock market development, market laws and regulations are maturing, gradually clear rules of the game, especially after the continued supervision of regulatory authorities and norms, the stock market continue to be the release of systemic risk, the timing of insurance funds into the stock market has matured. Meanwhile, the insurance funds in securities investment funds market has also confirmed the performance of insurance funds is indeed a rational institutional investors, insurance funds so that long-term rational investors to reduce stock market speculation in favor of the atmosphere. Fifth, allow insurance funds to participate in the establishment of industry investment fund launched, on the promotion of national infrastructure and regional economic development and increase the insurance industry revenue to support the development of the insurance industry have a long-term positive. Present, China is take-off stage of economic development, especially in the construction of large infrastructure and construction of key projects required to support a large number of long-term investment funds, and that these investments also have a high return on investment. The scale of the insurance funds are available, the characteristics of long term investment, with focus on large infrastructure projects and funding needs exactly match. Insurance funds to invest in long term, with a stable return on their national key project is very appropriate to meet the common requirements and capital projects. The sixth, allowing insurance funds involved in the formation securities investment funds, insurance and funds to promote the common development of the industry to play the insurance funds in capital markets as they should. Almost every famous foreign-owned insurance group of professional investment subsidiary, and investment subsidiaries in the professional development process often will be the way fund companies through the formation of growing up. Obviously, the insurance funds as a typical long-term investors and capital markets is very suitable as a promoter of major players involved in the formation of Securities Investment Funds, and the investment of insurance funds accumulated through the years involved in the formation with the ability of securities investment funds. On the other hand, professional investment subsidiary of the large insurance companies insure the most efficient mode of investment, as a separate legal entity, the investment subsidiary can also subscribe by means of merger or securities investment funds involved in the formation, in order to add new insurance investment income points and to promote the professional development of the insurance investment. Seventh, the proposed use of foreign currency assets of the investment management to closed. At present the company's foreign currency assets mainly in the form of bank deposits, it is recommended to gradually open up the insurance company's investment restrictions in foreign currency assets, bond investments can be considered first of all, you can gradually allow insurance companies to buy foreign currency assets issued by the Chinese government debt, high credit level national bonds. Since China does not currently allow the RMB under capital account convertibility, so insurance companies, the insurance supervisory authority should be SAFE and other related agencies to develop the use of foreign currency assets closed management system to ensure smooth investment return after the expiry of the assets. Open up the insurance risk management after the investment channels for the further opening up investment channels will of course bring some new risks,[link widoczny dla zalogowanych], but by the insurance company within the effective risk management system and a reasonable regulatory scheme CIRC design purposes, the new investment risk can be effectively avoid and control. Insurance company's risk management level mainly depends on two things, first, to establish and implement effective risk management system overall, and second, the implementation of effective risk control measures of the investment products. Covers the overall risk control major asset liability management, the total risk limit management, investment management structure set up, the investment decision-making management system design, transaction and insurance product design, process control strategies and so on. Set reasonable investment management framework is to control the starting point of the insurance investment risk and the basic institutional guarantee. From international experience with the development of the industry, the insurance holding investment patterns have specialized investment model and centralized investment model, which consists of investment patterns and external investment department commissioned four investment model

				fora.pl - załóż własne forum dyskusyjne za darmo Powered by phpBB © 2001, 2002 phpBB Group Avalanche style by What Is Real © 2004