Milk co compensation bills and then waves from China life did not notice huge interest

Reporter Li Bing recently, official website of the China Association of milk has announced a total of infant milk powder incident reached 1.11 billion compensation used, but lead to more questions. On June 8, following this newspaper published the Dairy Association after revealing the 1.11 billion compensation, reporters further investigations found that life is the protagonist of the event. "In theory, the role of the China Association of milk is leading more people, but in fact compensation and funds of China life is responsible for the operation. More messages of life should be more clear. "Beijing Dacheng Law firm lawyer Liu Xiaoyu said when accepting the securities journal by reporters. Fund operation who is Chinese life on January 8, 2009, human resources and Social Security Department Office, and Ministry of Health Office, and China insurance regulatory Commission Office has publishing on do infant milk powder event in children with related disease medical costs paid work of notification under (people social Office made [2009]10,), clear requirements "China life insurance company limited to developed in children with medical compensation fund management using approach, established sound medical compensation fund management paid repository, the branch institutions claims medical expenses with. On April 22, 2009, General Office and the China insurance regulatory Commission and the Office of the Ministry of Health issued on better medical treatment of children with infant milk powder incident and notification of work related sickness medical expense reimbursement (medical Medical Affairs (2009), 66th), explicitly requested "China life insurance company limited is necessary to strengthen the medical fund management, account management, earmarked to guarantee medical security and integrity of the compensation fund". "Judging from the open channel, China life in accordance with the above calls for a compensation fund for children with medical management approaches, in accordance with this approach to managing health compensation fund, whether or not to build an information database of medical management to pay the compensation fund, medical fund safety and integrity, these are still unable to get clear answers to the public. China dairy industry association, China life should be detailed, clear answer on these issues. "Liu Xiaoyu said. Liu Xiaoyu said: "the medical management of the compensation fund, the use and publication of relevant information is the responsibility of China dairy industry association, China life. "Communication has shown, payment, and children with a one-time compensation of victims during acute therapy in children with medical charges, along with fees, for $ 920 million in the milk in the Bulletin of the society show that already claim of 920 million, $ 192 million medical compensation fund entrusted to life on behalf of the management. On July 31, 2009 funds officially launched until April 30, 2011, China life go through the payment of 1794 new Trojan, pay $ 10.48 million, bank accounts of the fund balances of $ 192 million. But 2 years later, this part of the Fund is $ 192 million? To challenge the Vice Chairman of China Association of milk before Wang Dingmian: "so large a sum of money, a few years the interest should be a very large number, but the communication does not describe. "Remaining funds interest not previously notice the so-called Fund (Fund) of the General and special, in broad terms, established by the Fund is a means to an end and has a certain amount of money. For example, the Trust Fund, unit trust funds, provident funds, insurance funds, pension funds, Fund of funds. In the existing funds in the securities market, including close-ended Fund and open-ended Fund, with revenue function and characteristic of value-added potentials. From the perspective of accounting analysis, Fund is a narrower concept, meaning with a specific purpose and use of funds. Due to the contributions from Governments and institutions are not required to return on investments and investment recovery, but required by law or the investor wishes on the use of funds in the specified, and formation of the Fund. "Judging from a fund established by the procedure, subordinates of the Dairy Association ' Fund belongs to the liability compensation paid in advance. Is liable for damages against the enterprises in order to avoid a wide range of negative effects, and stepped in to the responsibility of companies by the industry association for compensation a sum of advance compensation of the victims. The compensation is not affected by melamine-oriented specific victims. Now that is a specific object-oriented compensation for prepaid, the Fund should be from the date of the establishment, to the establishment of the society published its own objectives, the specific use of funds, information release of decision-making bodies and decision-making channels, the use of funds, funds of oversight bodies and other content. "Distinguished members of the Advisory Committee of Beijing Municipal People's Congress legislation Yang Zhaoquan lawyer in an interview with the securities Journal reporter said. Yang Zhaoquan says: "this published information, nature of the lack of funds, payment criteria, application process, and so a lot of basic information, does not meet the public's knowledge of the required information. "Inspection report shows life in the past two years, 2009 China life total investment income of 5.78%, 3.46%, significantly higher than the previous year. As of December 31, 2009, the company invested assets reached RMB 11,720. $ 9.3 billion, representing 2008 growth of 25%. Which the ratio of debt-investment from the same period in 2008 61.43% down to 49.68%, but plans to invest the debt interest rose 175.1%, proportion of equity investments from the same period in 2008 8.01% up to 15.31%. But trading income fell by 92.4% of financial assets, interest on time deposits and money fell 5%. 2010 company achieved operating income of 388.79 billion, an increase of 13.7%, investing $ 64.9 billion of total receipts, rate of return on investments is 5.11%. From here we can see China life insurance investment income profit in good condition. Then, if not to invest, put the sum of the compensation fund in the Bank will also have some interest. The securities Journal reporter for this funding accounts, $ 192 million even if-and-drop operation 2 years without any money in the Bank, arising interest also reached $ 15.93 million. "Is not clear, specific things that I do not understand. "China life related personnel receive the securities Journal reporters when such a response. "Judging from the communications initiative, the bulletin was clearly made in the case of social pressure on public opinion and the media, announced by the Chinese Nursing Association and China life should take the initiative for information and informationManagement of work, but there is a passive response. "Liu Xiaoyu lawyer pointed out.