China News Service, Beijing, January 12 (Reporter Wang Enbo) The China Banking and Insurance Regulatory Commission announced on the 12th the "Interim Measures for the Regulatory Rating of Insurance Asset Management Companies". The supervisory authority will give various insurance asset management companies with an asset management scale of nearly RMB 15 trillion. Score rating.

  Since the establishment of the first insurance asset management company in 2003, after more than ten years of development, China’s insurance asset management company has grown from scratch, from small to large, and has established 28 institutions, entrusted to manage more than 70% of the insurance industry’s funds.

Various insurance asset management companies have distinct characteristics of differentiation in terms of institutional nature, management style, entrusted scale, investment capacity, and degree of marketization.

  The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission pointed out that the establishment and implementation of an insurance asset management company supervision and rating system is an important measure to improve the institutional supervision system of insurance asset management companies, which is conducive to the realization of classified supervision, enriching the toolbox of institutional supervision, and rational allocation of supervision resources. Improve supervision efficiency.

  It is understood that this regulatory rating mainly evaluates insurance asset management companies from five dimensions including corporate governance and internal control, asset management capabilities, comprehensive risk management, transaction and operation assurance, and information disclosure.

  The scoring adopts a combination of qualitative and quantitative methods, with a "pointing system" for scoring, with a full score of 100 points, and the five dimensional indicators are 20 points, 30 points, 25 points, 15 points and 10 points.

According to the regulatory rating results, insurance asset management companies are classified into four types of institutions: A, B, C, and D. The clear classification results are the main basis for measuring the company's operational management capabilities and risk management capabilities.

  In order to better transmit policy signals to the market and institutions and reflect the regulatory orientation of rewarding good and punishing bad, the China Banking and Insurance Regulatory Commission has also set up adjustment indicators in the rating indicator system.

On the one hand, certain points will be deducted for institutions that are subject to regulatory measures or administrative penalties, and institutions that are subject to disciplinary measures taken by the market and self-regulatory organizations. For institutions that have particularly significant risk events, a “one-vote veto” will be directly assigned to D class.

  On the other hand, include non-industry qualifications, asset management scale, non-service industry funds, profit rate of unit management assets, etc., to encourage market-competitive companies and "professional and sophisticated" "small and beautiful" characteristics Operating company development.

At the same time, organizations that actively serve major national strategies, conduct environmental, social and corporate governance (ESG) and other green investments, and make significant contributions to the development of the industry, will be given additional points as appropriate.

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