Friday, June 24, 2011
Insurance capital bought the controlling shareholders, and the actual ban controller to i08ue bonds
Yu Yan first financial daily under from about channels was informed that, insurance regulatory Commission recently to all insurance company issued has insurance company holding shareholders and actual control people management approach (draft) under (Xia said draft under), provisions insurance company shall not purchase holding shareholders, and actual control people issued of bond, shall not delegate holding shareholders, and actual control people for investment activities, on insurance company and holding shareholders, and actual control people of transactions and investment behavior for has specification. The draft requirements, controlling shareholder, actual control and insurance companies jointly with third parties for transactions, controlling shareholder, actual control may make use of its encroachment on the status of insurance companies trading opportunities or increase the burden of insurance companies in disguise. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Deciphering the trader password grasp the main trends of the provisions of the draft, and insurance companies to buy bonds issued by controlling shareholder, actual control of people, shall not delegate the controlling shareholders, the actual controller for investment activities. Controlling shareholder, actual control of insurance companies and affiliates shall not accept its control Fund. Bond is a major insurance company investments in recent years, China insurance regulatory Commission constantly adjusting the policy, will's new investment bond varieties incorporated. 2009-2010 years, bonds has become the largest investment of insurance funds, than the above 50%. First quarter of this year, bonds investment of insurance funds amounting to $ 2.34 trillion, accounted for more than 46.7%. However, the new provisions of the draft on bond investments of insurance companies currently has little effect. Said one person fixed income Department of insurance asset management company, is currently controlled by the insurance company's controlling shareholder, actual bonds issued by people, not many little impact on the investment of the insurance industry as a whole. Some joint venture life insurance company of the influence of relatively large, as a number of joint venture life insurance company of China Group of shareholders such as petroleum, minerals and other large State-owned enterprises, issuing corporate bonds, medium-term bills, financing bills bonds. Draft under also provisions, holding shareholders, and actual control people should to insurance regulatory Commission submitted capital assist obligations commitment letter, commitment Dang insurance company reimbursement ability insufficient or in insurance regulatory Commission under carefully supervision principles made supplementary capital requirements Shi, actively coordination company shareholders or take effective measures, timely to insurance company supplementary capital; commitment in no timely by insurance regulatory Commission of requirements supplementary capital, and submitted related material and report Shi, under insurance regulatory Commission of requirements transfer equity or stop exercise shareholders rights. Insiders believe that the China insurance regulatory Commission promulgated the draft, mainly in order to strengthen the management of insurance companies, give full play to the controlling shareholders and the actual control supervision and constraint effect on insurance companies to avoid controlling shareholder, actual control expropriation of company assets. (function(){varobj=null;if(document.getElementById('page2011nav')){obj=document.getElementById('page2011nav');} elseif(document.getElementById('arctTailMark')){obj=document.getElementById('arctTailMark');} if(obj!=null){varstr='';try{varoo=obj.previousSibling;while(oo.nodeType!=1|| oo.innerHTML.replace(/\s|\u3000/g,'').length==0){oo=oo.previousSibling;} if(oo.nodeType==1&&oo.tagName.toLowerCase()=='p'){varspan=document.createElement('span');span.innerHTML=str;oo.appendChild(span);}} catch(e){}}})();