Tairenshou $ 450 million to subprime risk and enterprise focused blood

Chen Tianxiang insurance regulatory Commission published yesterday said, agreed to Nobuyasu life raises 10-year redeemable subordinated term debt, raise size of not more than 450 million Yuan raised within a period of 6 months. This is another insurance companies are allowed to issue subordinated debt in the near future. It is understood that raised funds by insurance enterprises in General to add company solvency. This is not difficult to see, to ease the pressure to pay, the insurance companies are through the collective in the form of subordinated debt issued "the blood". At the same time, also in response to a growing number of insurance companies for subprime debt this form of financing, China insurance regulatory Commission the day before yesterday (May 18), the insurance companies subordinated term debt management approach (draft for soliciting opinions) for comments. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture the sought views draft requirements, insurance company raised secondary debt by gets of funds, can meter into subsidiary capital, but shall not for cover insurance company daily operating loss; insurance company meter into subsidiary capital of secondary debt amount shall not over net assets of 50%; while provisions, insurance company pay ability adequate rate below 150% or is expected future two year pay ability adequate rate will below 150% of, party can application raised secondary debt. In addition, applications for insurance companies to raise subordinated debt, should also meet the opening for more than three years; the audited net asset no less than RMB 500 million Yuan at the end of the previous year; after the raise, the cumulative outstanding amount of the subordinated debt and interest group of not more than at the end of the previous year's audited net asset 50%; the last two years are not subject to major requirements of administrative punishment. And single times fine amount in 1.5 million Yuan RMB above (containing 1.5 million yuan) of; limit business range of; ordered stop accept new business a years above of; ordered ceased rectifying of; Center support company (containing Center support company) above level of branch institutions was revocation business license of; Chairman, and General Manager was revoked served qualification or prohibited entered market, situation of insurance company, is does not allows issued.