Negative interest rates higher claims on insurance investment

Miao Jianmin, Chairman of China life insurance asset management company issued a written speech on 23rd, insurance investment in China still has a larger headroom for the future. He is in China's insurance industry associations and forums organized by the Association of Actuaries in China said. He said, led to indirect financing of the financial system in China is the main problem currently affecting the investments of the insurance industry. And compared to mature markets, bond and equity share of GDP is low in China, resulting in less risk capital investments that can be selected. He said now indirect financing of financing the development of the stock market and bond market pressure, the future launch of the International Board also will bring to market pressures, led to China's capital market valuations and move closer to the developed countries. Medium and long term, valuations down to market is favorable, but on the utilization of insurance funds in the short term and return to form a severe challenge. He said that under the current actual state of negative interest rates, as the main investors in fixed income products, victims of the insurance is the transfer of wealth, the higher demands on insurance investment income. (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){}}})();