Zhou Liang: Insurance company has become the second largest long-term institutional investor in China ‘s capital market

Zhou Liang: Insurance company has become the second largest long-term institutional investor in China ‘s capital market
On March 22, the State Council Office of Antiques responded to the impact of the international epidemic and maintained the stability of the financial market.Zhou Liang, deputy chairman of China Banking and Insurance Regulatory Commission, said the Banking and Insurance Regulatory Commission further increased and deepened the structural reform of the financial supply side and actively supported the expansion of direct financing.As we all know, there are two important aspects of the development of the capital market. One is the long-term stable source of funds, and the other is the need for a large number of healthy institutional investors.Insurance companies have now become the second-largest long-term institutional investors in China ‘s capital market, and our current surplus of insurance funds has reached 18.8 trillion, the scale of investment stocks and funds reached about 2 trillion, accounting for 10 of the surplus of insurance funds.8%.The following is Zhou Liang’s alternative when answering reporters’ questions.In China’s financing structure, direct financing has relative benefits, and indirect financing accounts for the bulk.In the next step, the bancassurance supervisory agency gradually deepened the financial supply-side structural reforms and actively supported the expansion of direct financing.As we all know, there are two important aspects of the development of the capital market. One is the long-term stable source of funds, and the other is the need for a large number of healthy institutional investors.Insurance companies have now become the second-largest long-term institutional investors in China ‘s capital market, and our current surplus of insurance funds has reached 18.8 trillion, the scale of investment stocks and funds reached about 2 trillion, accounting for 10 of the surplus of insurance funds.8%.Recently, the international financial market has fluctuated sharply, but overall, China’s stock market is relatively stable.In addition to our economic fundamentals, the China Securities Regulatory Commission also does some work. Next, the China Banking and Insurance Regulatory Commission will also actively support insurance companies to comply with market-oriented principles to conduct investment operations in accordance with laws and regulations, and maintain stable value investment for a long time.Under the principle of prudent supervision, the market-oriented reforms used have given insurance companies more autonomy.Insurance companies with relatively high solvency adequacy ratios and good asset matching conditions are allowed to increase the proportion of equity-type assets on the basis of the existing equity investment limit of 30%.Of course, this is based on good risk control.In addition, we appropriately and appropriately added financial management subsidiaries, established a perfect third pension support, actively supported direct financing, and worked hard to promote the long-term stable and healthy development of China’s capital market.Editor Yue Caizhou