China Banking Regulatory Commission: Insurance funds have provided financing support for the real economy with nearly 16 trillion yuan
Xinhua News Agency, Beijing, November 23 (Reporter Tan Moxiao) The reporter learned from the China Banking and Insurance Regulatory Commission that in recent years, insurance funds have given full play to their advantages of large scale, long maturity, and relatively stable sources of funds. At present, they have invested in stocks, bonds and insurance. Asset management products and other methods provided nearly 16 trillion yuan in financing support for the real economy.
The data shows that as of the end of the third quarter, the scale of insurance fund investment bonds accounted for 6.49% of the total scale of my country's bond market, which strongly supported the construction of the real economy and capital market.
Yuan Xucheng, director of the Treasury Department of the China Banking and Insurance Regulatory Commission, said that the current insurance industry’s asset risks are generally controllable, funds are used steadily and prudently, and investment returns are relatively stable.
The China Banking and Insurance Regulatory Commission will continue to deepen market-oriented reforms, give market players the right to make independent decisions on investment, and at the same time strengthen behavioral supervision to maintain the bottom line of risk.