BEIJING, Jan. 24 (Xinhua) -- China's top insurance regulator announced Tuesday a ban of insurers acquiring listed firms in concert with non-insurance parties, in a move to prevent radical stock investment and maintain financial market stability.
The China Insurance Regulatory Commission (CIRC) set new rules on insurers' investment in the stock market, so that when insurance companies make major stock investment with non-insurer parties, they must use their own funds to make a purchase.
A purchase of at least 20 percent of stock in a listed company by an insurer is considered a major investment.
The new rules came in the wake of recent "barbaric" behavior of some insurers using leveraged money to buy shares of listed companies late last year. Triggering sharp volatility in the market, such moves annoyed corporate executives and caused individual investors to suffer.
The CIRC will take action when an insurance company, together with non-insurance parties, increases its holdings of a certain listed firm to 5 percent, such as suspending insurance funds to non-insurer parties acting in concert with the insurer.
Insurance firms are also not allowed to acquire listed companies or purchase a major stake, at least 20 percent, of their shares before gaining regulatory approval, according to the rules.
To prevent the radical investment of some players in the insurance sector, the CIRC ordered that an insurer's investment in one single stock should not exceed 5 percent of its total assets at the end of the previous quarter.
Meanwhile, an insurer's total equity investment should be less than 30 percent of its total assets at the end of the previous quarter.
The CIRC said that insurers should be friendly investors and maintain good communications with stake holders and management of the listed companies, so that insurance funds could better facilitate operations.
"Insurance companies should be financial investors in good faith, instead of making hostile takeovers," said Xiang Junbo, chairman of the CIRC, in a meeting last month.
2011年实用口语练习:英语客套话
实用口语情景轻松学:您要的早餐送上来了
英语口语主题:交际英语热门话题47个(6--闲聊)
2011年实用口语练习:当猪飞起来的时候
英文结婚短信祝福语
英语口语:怎样放“狠话”让对方离你远点
2011年实用口语练习:歉意如何说出口 1
2011年实用口语练习:Join a club 社团活动
英语口语主题:交际英语热门话题47个(25--竞选和辩论)
如何用英语表达“你得减肥了”
2011年实用口语练习:你把事情搞砸了
2011年实用口语练习:“挑刺儿”
如何用英语表达“原来啊…”
9句狠话教你怎么用英语让人“滚开”
2011年实用口语练习:Assignment 家庭作业
英语口语主题:交际英语热门话题47个(2--介绍)
2011年实用口语练习:遮人耳目
2011年实用口语练习:说客 拾人牙慧
2011年实用口语练习:出恭的各种表达
2011年实用口语练习:高铁开通了
2011年实用口语练习:今天我做东
英语口语主题:交际英语热门话题47个(3--邀请)
实用口语情景轻松学:有假钞的时候要送到银行去
男生女生:我们可以只当朋友吗?
实用口语:关于衣服的必备短语
如何用英文表达“欣赏,感激”
2011年实用口语练习:“淘金热”
如何用英文表达“你活该”
2011年实用口语练习:In the bookstore 在书店里
2011年实用口语练习:昙花一现式的一夜成名
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |