Index PoliticsDetails

starlightprincess| Heavy news! Insurance asset management institutions tighten product sales to individual investors

Politics 2024-05-24 11:09 12 editor

starlightprincess| Heavy news! Insurance asset management institutions tighten product sales to individual investors

The Chinese reporter of the securities firm learned thatStarlightprincessNot long ago, the regulatory authorities gave window guidance to some insurance asset management institutions, emphasizing the focus on the main industry and taking the use and management of insurance funds as the core, requiring that individual investors should control the scale of insurance asset management products invested by individual investors. it is also recommended not to issue new insurance asset management products for individual customers. It is understood that the relevant insurance asset management companies have begun to sort out their personal business.

In 2013, the former CIRC liberalized insurance asset management agencies to issue one-to-one and one-to-many asset management products. Since then, insurance asset management products have developed rapidly. By the end of 2019, the balance of insurance asset management products 2.Starlightprincess.76 trillion yuan, becoming a unique team in the asset management industry. In March 2020, in order to link up with the new regulations on asset management, standardize the business development of insurance asset management products, and unify the regulatory standards for insurance asset management products, the original Bank Insurance Regulatory Commission issued the interim measures for the Management of Insurance Asset Management products, which clearly defines insurance asset management products as private placement products, mainly for non-public issuance by qualified investors such as insurance institutions, and stipulates for the first time that qualified investors in insurance asset management products include qualified natural persons.

According to the regulations, a natural person must have more than two years of investment experience and meet one of the following conditionsStarlightprincessThe net financial assets of the family are not less than 3 million yuan, the financial assets of the family are not less than 5 million yuan, or the average annual income in the past three years is not less than 400000 yuan. This regulation makes the insurance asset management products change from the original To B attribute to the dual attribute of To Barrier C.

Insurance asset management products include debt investment plans, equity investment plans, combined products and other products prescribed by the regulatory authorities. According to the relevant rules, the insurance asset management products for individual customers are combined insurance asset management products.

According to the requirements, insurance asset management institutions and agent sales agencies shall manage the sales requirements of similar products with reference to the "measures for Supervision and Administration of Financial Management Business of Commercial Banks" and other systems when selling portfolio products to natural person investors.

According to the Chinese reporter of the securities firm, after the insurance asset management products are opened to natural persons, a small number of insurance asset management companies have carried out relevant business, mainly to meet the needs of insurance customers who want to invest in insurance asset management products within the system or some insurance customers. Because of the unique long-term value investment style of insurance asset management companies, their products are favored by some stable customers.

There are also many insurance asset management agencies that have actively investigated personal business, but finally stopped. A person in charge of an insurance asset management agency told the reporter that insurance asset management companies have been doing business for institutional investors for a long time and have little operational experience in individual investors. Individual business and institutional business are completely different in management system, business model and capacity endowment requirements, and the difference is too great.

According to the analysis of a number of industry insiders, on the whole, the scale of insurance asset management products sold by insurance asset management companies for individuals is small, and the impact is expected to be relatively limited.

A person from an insurance asset management institution told a Chinese reporter that there is no problem with the investment ability of insurance asset management companies, but they have been doing institutional business for many years, most of which are pure financial institutions with little public financial management. serving individual investors is not the advantage of insurance asset management companies. At present, the volatility of the capital market is increasing, and it is reasonable to control the investment scale of individual customers.

This requirement also means that the door of insurance asset management products for individual investors has been tightened, which is in line with the idea that regulators continue to guide insurance companies back to the main business. It is expected that in the future, insurance asset management agencies will further focus on the use of insurance funds, and personal business will further shrink.

55bmw download