金融监管总局：股票投资风险因子正式下调！

Core Viewpoint - The Financial Regulatory Bureau has issued a notice to adjust risk factors for insurance companies' related businesses, aiming to enhance the effectiveness of insurance capital in serving the real economy and fostering patient capital [1] Group 1: Adjustments to Risk Factors - The risk factor for stocks in the CSI 300 index held for over three years has been reduced from 0.3 to 0.27, based on a weighted average holding period over the past six years [2] - The risk factor for ordinary stocks listed on the Sci-Tech Innovation Board held for over two years has been lowered from 0.4 to 0.36, determined by a weighted average holding period over the past four years [2] - The premium risk factor for export credit insurance and overseas investment insurance by the China Export & Credit Insurance Corporation has been decreased from 0.467 to 0.42, while the reserve risk factor has been adjusted from 0.605 to 0.545 [2] Group 2: Internal Control and Management Requirements - Insurance companies are required to improve internal controls, accurately measure stock holding periods, and continuously enhance long-term capital investment management capabilities [2] - There is an emphasis on strengthening solvency management, ensuring accurate measurement of various risk capital requirements, and maintaining the authenticity, accuracy, and completeness of solvency data [2]