China Securities Regulatory Commission: The performance assessment of state-owned commercial insurance companies has changed from one year to three years
On the morning of January 23, the State Council Information Office held a press conference to introduce the relevant situation of vigorously promoting the entry of medium- and long-term funds into the market and promoting the high-quality development of the capital market, and answering reporters' questions.
Wu Qing, chairman of the China Securities Regulatory Commission, introduced that at present, commercial insurance funds, corporate annuity funds, etc. have problems with different degrees of short-term assessment, resulting in a great impact on performance assessment in short-term market fluctuations. Stock investment tends to be short-term, making it difficult to play a role in long-term money. Among them, commercial insurance funds are mainly assessed in a year in short-term, and the characteristics of "long money and short investment" are more prominent. All parties in the market have many consensuses and demands on establishing a long-term assessment mechanism for more than three years. The Implementation Plan clearly states that a long-term assessment of the operating performance of state-owned commercial insurance companies will be fully implemented for more than three years, with the assessment weight of the return on net assets in that year, and the weight of the three-year to five-year cycle indicators will not be less than 60%.
(CCTV reporter Yang Litian)
