For the current capital market volatility, the China Insurance Regulatory Commission said yesterday stance to actively support a variety of capital market stability measures, and said that insurance companies should adhere to long-term investment.
Reporters learned yesterday from the China Insurance Regulatory Commission website, the China Insurance Regulatory Commission require insurance companies insist on long-term investment value of the investment, to play the role of institutional investors to support the stable development of capital markets. China Insurance Regulatory Commission pointed out that the insurance funds have long-term investment characteristics of the insurance market should be in accordance with the principles of operation, insurance regulators in accordance with the law in accordance with regulatory supervision.
China Insurance Regulatory Commission said that the U.S. financial crisis on China's financial markets have had a certain impact. Stability in the economic, financial and capital markets, is the important role. For the stability of the capital markets a variety of initiatives, the China Insurance Regulatory Commission has always adopted a positive attitude to support.
A request at this stage not to sell shares
Analysts believe that the China Insurance Regulatory Commission's position is some kind of signal transmission in the hope that insurance companies be able to play the role of stability in the stock market, in line with the Government of the rescue package. Prior to this, there is news that the China Insurance Regulatory Commission on October 17 to convene the emergency insurance asset management company to meet its mobilization to maintain the stability of the capital market and its requirements are not at this stage to sell A shares, at least not sold a net; in the future Opening the gradual re-choose.
A unit from the three major insurance companies published by the Quarterly Bulletin 3, the first quarter of 3 insurance companies have stepped up efforts to reduce the stock, an increase of the allocation of funds for the effort. Of which China Life Insurance (601,628) in Q3 reduction of about 108 million shares of CITIC Securities (600,030) (600,030), the Industrial and Commercial Bank of 644,000,000 shares (601,398) (601,398), 999.6 million shares of China Shenhua (601,088) (601,088). Ping An of China (601318) and China Pacific Insurance (601,601) were also reduced holdings of 155 million shares Shanghai Pudong Development Bank (600,000) (600,000) and the Industrial and Commercial Bank of 236,000,000 shares.
However, latest data show that insurance companies have recently reduced the publicly traded shares sold a net amount. Topview the last trading week of data, type of insurance to buy a net amount appear account of the long time. A week in order to fund insurance-based T prefix accounts, were showing a net inflow of the state.
