(Issued by the China Insurance Regulatory Commission on July 23 2004.)
(中国保险监督管理委员会于二零零四年七月二十三日印发。)
To all insurance companies and insurance asset management companies:
In order to carry through the spirit related to the State Council, Promoting the Reform, Opening Up and Stable Development of the Capital Markets Several Opinions, promote direct entry of insurance funds to the capital markets by various means in a stable and orderly manner, further broaden the channels for the use of insurance funds, enrich the variety of investment products for insurance funds and effectively disperse investment risks, the Commission, after discussion, has decided to allow insurance companies to invest in convertible corporate bonds (hereafter, Convertible Bonds). Relevant matters are notified hereby:
为贯彻落实《国务院关于推进资本市场改革开放和稳定发展的若干意见》的有关精神，稳妥有序地推进保险资金以多种方式直接进入资本市场，进一步拓宽保险资金运用渠道，丰富保险资金投资品种，有效分散投资风险，我会经研究决定允许保险公司投资可转换公司债券（以下简称“可转债”）。现就有关事项通知如下：
1. Convertible Bonds invested by insurance companies shall be corporate bonds that are convertible into shares, subject to the approval by the China Securities Regulatory Commission for issuance, and in compliance with the Administration of Convertible Corporate Bonds Tentative Procedures and the Issue of Convertible Corporate Bonds By Listed Companies Implementing Procedures (April 26 2001, China Securities Regulatory Commission Order No.2).
一、保险公司投资的可转债应当是经中国证券监督管理委员会批准发行,符合《可转换公司债券管理暂行办法》、《上市公司发行可转换公司债券实施办法》（2001年4月26日，中国证券监督管理委员会令第2号）规定的可转换成股份的公司债券。