The China insurance regulatory Commission on December 9 issued a news release saying, evergrande life commissioned a stock investment business was suspended rectification. China Unicom or modified programmes had been finalized
China insurance regulatory Commission said recently, evergrande in carrying out commissioned a stock life insurance company business, asset allocation plan is not clear, funding is not standard. Under the interim measures for the administration of insurance capital investment (OCI (2012), 60th), and other relevant provisions, the China insurance regulatory Commission decision to suspend permanent life insurance company Ltd commissioned a stock investment business, and ordered the company to rectify.
Next, the CIRC will strengthen supervision and effectively to promote insurance institutions to improve the internal control system, and establish a clear asset allocation plan, enhance the ability of asset allocation, guard against investment risks.
Surging news understands that, on December 7, the China insurance regulatory Commission has accredited inspection team arrived in Shenzhen, and stationed in constant life and the former hairenshou. Among them, into the constant charge of large life insurance insurance regulatory Department, CIRC systems, mainly responsible for the supervision of insurance fund application; establishing risk assessment, early warning and monitoring system for insurance funds utilization; investigate and punish illegal behavior.
The evening of December 5, the China insurance regulatory Commission issued documents, require continuous strengthening universal insurance supervision, resolutely curb irregularities. May 2016-August 7 insurance organizations large amount of insurance regulatory Bureau of universal insurance business, especially before the high proportion of short duration products in hairenshou, constant darenshou 9 companies carried out a special inspection of universal insurance, company issued regulatory letters and found issues. Among them, hairenshou were stopped before universal insurance new business and shall not declare a new product in three months.
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