Circular on Investment in Relevant Financial Products with Insurance Proceeds
For the first time insurance proceeds are allowed to be invested in wealth management products of commercial banks, credit asset-backed securities of banking financial institutions and pooled fund trust plans of trust companies.
Issue: January/February 2013
CLP Reference: 3910/12.10.12
PRC Reference: 保监发〔2012〕91号
Effective: 12 October 2012
Keywords (click to search):
wealth management products
(Issued by the China Insurance Regulatory Commission on, and effective as of, October 12 2012.)
Insurance group (holding) companies, insurance companies and insurance asset management companies:
With a view to further optimising the insurance asset allocation structure and promoting the development of innovation in the insurance business, we, pursuant to the PRC Insurance Law, the Tentative Measures for Administration of the Allocation of Insurance Assets and related provisions, hereby notify you concerning the investment with insurance proceeds in wealth management products and other such products similar to securitised financial products as follows:
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