AsianFin — The Central Financial Office, the China Securities Regulatory Commission (CSRC), and four other departments on Tuesday issed a document, encouraging state-owned insurance companies to increae the proportion and stability of commercial insurance funds in A-share stock market.
A long-term performance evaluation, with a period of at least three years, will be fully implemented for state-owned insurance companies. The weight of net asset return in the annual evaluation will not exceed 30%, while the weight of indicators for a three- to five-year period will not be less than 60%.
Efforts will be made to accelerate the implementation of the second batch of pilot programs for long-term stock investments using insurance funds, with a gradual expansion of the scope of participating institutions and the scale of funds.