Banking Insurance Regulatory Commission: Adopting mature and stable allocation strategies to effectively control the investment risk of commercial pension funds
The CBRC recently issued the "Notice on Regulating and Promoting the Development of Commercial Pension Financial Business" clearly, which clearly supports and encourages bank insurance institutions to carry out commercial pension -related businesses to enrich the supply of products; Risks; encourage commercial pension funds to actively invest in areas that meet the national strategy and industrial policies, and provide support for the capital market and scientific and technological innovation. Do not shorten the duration of the business in disguise, "Notice" pointed out that supporting and encouraging bank insurance institutions to develop business -care financial business such as commercial pension savings, commercial pension financial management, commercial pension insurance, commercial pension, etc., and provide customers with pension financial planning and capital management , Risk Guarantee and other services, gradually form a development pattern of diverse subject participation, multi -type product supply, and meet diversified needs. The "Notice" requires that bank insurance institutions should reflect the attributes of pension and financial business, and the product period meets the characteristics of the long -term pension and life cycle of the customer, and sets up corresponding restraint requirements for the collection of funds; bank insurance institutions shall be in the product contract with Customers clearly stipulate the liquidity arrangements under special circumstances, and shall not shorten the duration of the business in disguise in disguise structure and other methods. In terms of consumer education, the "Notice" requires that bank insurance institutions should continue to carry out customer education, improve the public’s awareness and acceptance of commercial pension financial products, and gradually cultivate mature pension financial concepts and long -term investment concepts, guide Customers are planning, continuous investment, long -term holding, and long -term collection, and effectively improve the level of pension guarantee. In addition, bank insurance institutions should formulate a reasonable business pension financial development plan based on reality, orderly carry out inclusive product innovation and business operations, and incorporate long -term operating effects into the sales, investment, and management personnel assessment and evaluation system, promote commercial pension financial business business Sustainable and healthy development. The person in charge of the relevant business of a bank wealth management company said that to cultivate long -term investment concepts, the company’s assessment mechanism of the investment team must reflect the long -term and value claims.
For example, the assessment of the performance of the investment team can be based on the performance of the product one year, three years, or since its establishment.
Providing pensions for the capital market and scientific and technological innovation is one of the most important sources of funding for the capital market.
The "Notice" pointed out that bank insurance institutions should strengthen investment management of commercial pension funds, adopt mature and stable asset allocation strategies to effectively control the investment risk of commercial pension funds.
Encourage actively investing in areas that are in line with national strategy and industrial policies, and provide support for capital markets and scientific and technological innovation.
"my country’s first and second -pillar investment models may provide a reference for the third pillar." Wang Yifeng, chief analyst of Everbright Securities Financial Industry, believes that the average annual investment rate of my country’s social security fund is high, and the investment style has both caution and flexibility Among them, equity investment brings great returns; corporate annuity is mainly invested in assets containing equity, and the yield is significantly higher than that of solid -income assets. On the whole, the yield is not as good as the social security fund, but in recent years, it has won inflation.
In the future, my country’s pension can increase the proportion of equity market investment on the premise of steady. In terms of tax discounts, the "Notice" proposes that bank wealth management, savings deposits, commercial pension insurance and other operations such as banking and insurance regulations are safe, mature and stable, the subject specifications, and focusing on long -term value -preserving financial products. Gold investment scope, enjoy preferential tax policies stipulated by the state.
Liang Tao, vice chairman of the CBRC, recently said that the "Opinions on Promoting the Development of Personal Pensions" in the General Office of the State Council has played a huge role in promoting the development of the industry. On the basis of the early pilot tax deferred insurance insurance, the China Banking Regulatory Commission prepared to expand its tax deferred to insurance, wealth management, pensions, and savings, all of which were performed through pension accounts. In addition, the "Notice" also requires that bank insurance institutions should be renamed or cleaned up in accordance with the principles of compliance, stable and orderly, and protecting the legitimate rights and interests of customers in accordance with the principles of compliance, stable order, and protecting the legitimate rights and interests of customers. And report to the regulatory authorities before June 30.
The legal person of all bank insurance institutions shall report it directly to the unit of responsible responsible for them.