持仓沪深300指数成分股超3年 风险因子下调至0.27 金融监管总局再出实招引导险企支持资本市场发展

Core Viewpoint - The National Financial Regulatory Administration has adjusted the risk factors for insurance companies' related business, aiming to enhance the efficiency of capital usage and support the real economy while maintaining risk control [1][2]. Group 1: Adjustments to Risk Factors - The risk factor for stocks held over three years in the CSI 300 index has been reduced from 0.3 to 0.27, based on a six-year weighted average holding period [2]. - The risk factor for stocks in the Sci-Tech Innovation Board held for over two years has been lowered from 0.4 to 0.36, based on a four-year weighted average holding period [2]. - The premium risk factor for export credit insurance and overseas investment insurance has been decreased from 0.467 to 0.42, and the reserve risk factor from 0.605 to 0.545 [2]. Group 2: Implications for Insurance Companies - The adjustment encourages insurance companies to invest in the equity market with a long-term perspective, thereby reducing capital occupation and alleviating solvency pressure [3][5]. - The changes are expected to enhance the overall competitiveness of the insurance industry by providing greater operational flexibility and optimizing capital allocation [5]. - Insurance companies are urged to improve internal controls and accurately measure investment holding periods to enhance long-term capital management capabilities [3][4]. Group 3: Support for the Real Economy - The adjustments are designed to promote insurance funds' support for strategic industries and high-tech enterprises, thereby contributing to the innovation and development of the economy [5]. - The regulatory changes reflect a commitment to fostering a stable and healthy development of the capital market, encouraging insurance companies to increase their market participation [4][5].