Insurance is the most qualified to take the lead in launching 14 public offerings
The China Securities Regulatory Commission recently issued the Interim Provisions on the Management of Public Offering Securities Investment Funds by Asset Management Institutions (hereinafter referred to as the “Interim Provisionsâ€). Compared with the previous public consultation with the public, the CSRC has appropriately lowered the threshold for the three types of institutions such as insurance asset management companies to directly conduct public fund management business. Analysts pointed out that compared with the other two types of institutions, the current insurance asset management institutions are considered to be the most qualified of all types of institutions to conduct public offerings.
Among them, the conditions for the insurance asset management company to apply for fund management business should be slightly changed. According to the “Draft for Commentâ€, “the solvency indicators of the last 12 months continue to meet the regulatory requirementsâ€, and the “Interim Provisions†is changed to “the net assets at the end of the last quarter is not less than 500 million yuanâ€.
According to the regulations, all asset management institutions that carry out public fund business must be members of the fund industry association. In January of this year, the Insurance Asset Management Corporation became a member of the China Securities Investment Fund Association, and created the necessary conditions for the official application for the sale of public offerings to the Securities and Futures Commission after June 1.
The China Securities Investment Fund Association announced the list of 52 new members recently joined, including two insurance asset management companies. There are 14 insurance asset management companies in the country. Two insurance asset management companies applied for and joined the fund industry association. In addition to the 11 and earlier Chinese PICC assets announced on the 21st, there are 14 insurance asset management companies. The company becomes a member of the association. In other words, a total of 14 insurance asset management companies are qualified to carry out public fund business.
Analysts pointed out that compared with the other two types of institutions, the current insurance asset management institutions are considered to be the most qualified of all types of institutions to conduct public offerings, and some insurance companies have also established relevant business departments. The scale advantage of insurance companies engaged in public offerings is the most prominent. It is predicted that by 2020, the scale of domestic public offerings can reach 1.3 to 1.5 billion, of which the insurance share may exceed 10%; the advantage of insurance marketing ability is also obvious; insurance finance The license is also the most complete at present. After obtaining the license of the public fund, all kinds of financial services in the insurance group should be said to be more abundant and the industrial chain is more complete.
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