Core Viewpoint - The Ministry of Finance has issued a notification to guide state-owned commercial insurance companies towards long-term stable investments and to enhance the long-cycle assessment of their performance, adjusting the evaluation metrics for operational efficiency [1][2][3] Group 1: Performance Evaluation Adjustments - The notification changes the assessment method for "return on net assets" from a combination of "3-year cycle indicator + current year indicator" to "current year indicator + 3-year cycle indicator + 5-year cycle indicator," with respective weights of 30%, 50%, and 20% [1] - The evaluation of the "capital preservation and appreciation rate" is also modified to include a combination of "current year indicator + 3-year cycle indicator + 5-year cycle indicator," maintaining the same weight distribution [1] Group 2: Asset and Liability Management - State-owned commercial insurance companies are required to enhance their asset-liability management, focusing on matching the structure, cost-benefit, and cash flow of assets and liabilities [2] - The notification emphasizes the importance of stable growth in owners' equity and the preservation and appreciation of state-owned financial capital through prudent investment strategies [2] Group 3: Long-term Investment Strategy - The notification encourages a focus on long-term, value, and stable investments, aiming to identify high-quality investment targets that offer steady returns and manageable risks [2][3] - It aims to ensure that state-owned commercial insurance companies play a significant role in stabilizing the capital market and supporting high-quality development of the real economy [2][3] Group 4: Impact on the Insurance Sector - The notification is seen as a commitment from the finance authorities to enhance the role of state-owned commercial insurance companies as economic stabilizers and to promote high-quality development [3] - It aims to align with the central financial office's directives to increase the supply of long-term capital in the capital market, thereby fostering a stable and healthy market environment [3]
财政部进一步加强国有商业保险公司长周期考核——引导保险资金长期稳健投资
Jing Ji Ri Bao·2025-07-12 22:22