According to the disclosure of CIRC yesterday, the regulatory letter has been issued to two companies whose renewal business of short and medium term deposits exceeds the standard, and the regulatory measures have been taken to stop the single payment business of Bancassurance channel; the risk warning letter has been issued to 27 companies with large scale and high proportion of renewal business of short and medium term deposits, and the company is required to strictly control the scale of renewal business of short and medium term deposits The CIRC has stopped the Internet channel insurance business of six companies, including Qianhai life insurance and Evergrande life insurance.
In the past year, insurance listed companies have become a hot play in China’s A-share market, among which Qianhai Life Insurance Co., Ltd., a subsidiary of Baoneng, competes for the control of Vanke.In addition to Vanke, Baoneng has also been involved in a number of listed companies, including Gree Electric, a leading air-conditioning manufacturer.The management of some listed companies has been “cleaned”.China Evergrande’s institutions have also joined in the drama of seizing the shares of listed companies.While taking a strong stake in Vanke, they also played a few short-term games on several listed companies.
Industry insiders said that for the emerging small and medium-sized insurance companies that highly rely on the universal insurance business, once the new universal insurance business is stopped, it means that the company’s new business income will drop sharply, and it will directly affect the company’s investment activity in the asset side.
[the wave of raising cards may not last]
Universal insurance regulatory overweight, the tide of licensing is difficult to continue
Recently, the CIRC issued a regulatory letter to Qianhai Life Insurance Co., Ltd., aiming at the problems in the operation of universal insurance business and the inadequate rectification, to take regulatory measures such as stopping the development of new universal insurance business, and pay close attention to the rectification progress of other companies with similar problems in the operation of universal insurance.Analysts pointed out that with the tightening of policy supervision and the decline of universal insurance sales, the wave of large-scale licensing may be difficult to continue.
[listed concept stocks suffer heavy losses]
The value of the listed concept stocks has shrunk sharply
Due to the strong stance of the regulators that they do not support the listing of insurance capital leverage funds, the concept stocks listed yesterday fell sharply, including Jilin Aodong, Gree Electric Appliance, Pacific, etc. the star stocks of CSCEC, CRCC, Langfang Development, Meiyan Jixiang, Yili shares, Tongrentang, CSG a all fell more than 5%.受此影响，近期在A股市场表现良好的几家主要保险公司的股票市值损失惨重。据证券时报记者不完全统计，仅安邦一天的股票市值就损失了60多亿元。