Core Viewpoint - The China Banking and Insurance Regulatory Commission (CBIRC) is enhancing the solvency regulatory framework to support the insurance industry's service to the real economy and capital market development [1][2] Group 1: Solvency Regulation and Support for the Real Economy - The implementation of the "Solvency Regulation Rules (II)" has improved the risk sensitivity and effectiveness of regulatory indicators, positively impacting the insurance industry's ability to serve the real economy and support capital market development [2][3] - The CBIRC plans to continue supporting the development of commercial pension business by formulating solvency preferential policies to reduce capital occupation [2] - Specific support policies include promoting green bonds, technology innovation, export credit insurance, agricultural insurance, and pension insurance, enhancing the insurance industry's service capabilities [4] Group 2: Support for Capital Market Development - The "Solvency Regulation Rules (II)" provide preferential policies for insurance funds investing in bank stocks, large-cap blue-chip stocks, and public REITs, facilitating the insurance industry's participation in capital market reforms [6] - As of the end of Q2 this year, the insurance industry invested approximately 790 billion yuan in the CSI 300 index stocks, saving 13.8 billion yuan in minimum capital requirements [7] - The insurance industry also invested about 7 billion yuan in public REITs, accounting for approximately 13% of the total scale, significantly supporting capital market reform [7]