和讯消息 昨日，保监会发布《保险资金委托投资管理暂行办法》，允许保险资金委托证券公司和基金管理公司进行投资管理。信泰人寿首席投资官王连平表示，券商基金进入险资后，对投资范围扩大、风险控制能力有明显的促进作用，中小型保险资产收益率可能会有1%左右的提升，受益比较明显。

With dispatch news yesterday，Issued by circ《Entrust investment of insurance funds the provisional measures》，Allow insurance funds entrusted to the securities company and fund management company for investment management。Chief investment officer's letter life WangLianPing said，Brokers funds into the risks after information，Expanding the scope of investment、The risk control ability have significant positive effects，Small and medium-sized insurance asset yield may have 1% of ascension，Obvious benefit。

　券商基金成险资新“管家” Brokers funds into risks endowment new“steward”

　　昨日，保监会正式发布《保险资金委托投资管理暂行办法》规定，一是在现行委托保险资产管理公司投资管理的基础上，增加证券公司和基金公司作为保险资金受托投资管理机构，并明确了相关资质条件；二是规定委托投资范围，主要是资本市场的债券、股票和基金等有价证券，同时对保险公司资产配置、持续评估、利益保护和风险控制等提出了明确要求。

yesterday，Officially issued by circ《Entrust investment of insurance funds the provisional measures》provisions，One is in the current entrust insurance asset management company investment management basis，Increase the securities companies and fund company as insurance fund investment management institutions，And clearly the relevant qualifications；2 it is entrusted scope of investment rules，Main is capital market bonds、Stocks and funds securities，At the same time for the insurance company asset allocation、Constant evaluation、Interest protection and risk control, puts forward the specific requirements。

　　据了解，2000年保监会曾下发了《关于暂不允许委托证券公司管理运用资产的通知》，此后，保险资金投资管理一般由保险公司自己来做或是交给保险资产管理公司来委托投资，不过，投资收益率较低的现状导致保险行业迫切希望引入其他专业投资机构的竞争，借此改善保险资金运用效率。

According to understand，In 2000 had issued the circ《About temporary don't allow entrusted to the securities company management USES of the assets of the notice》，Since then，The insurance fund investment management generally by the insurance company to do, or to the insurance asset management company to entrust investment，but，The present situation of the lowly yields in the insurance industry is hoping to introducing other specialized investment institutions of the competition，To improve insurance funds utilization efficiency。

　　《办法》的出台，意味着券商和基金等机构，将首次被允许进入总量高达6万亿元的保险资金，保险资金运用市场化已成为改革突破方向。除了已发两项新政外，还剩余《保险资产配置管理暂行办法》、《关于保险资金投资股权和不动产有关问题通知》等两项新政。

《way》Come on stage，Means that brokers and funds institutions，For the first time will be permitted to enter the total amount of insurance funds as high as 6 trillion yuan，Insurance funds utilization marketization reform has become a breakthrough direction。Besides already sent two New Deal outside，Still remaining《Insurance interim measures for the administration of asset allocation》、《About insurance fund investment in real estate equity and problems related to notice》And two New Deal。

　中小型保险公司最受益 The most benefit from small and medium-sized insurance company

　　目前国内已有17家保险资产管理公司，一般而言，大保险集团都有自己的保险资产管理公司，也是保险资金的绝对主力军。

At present domestic have 17 home insurance asset management company，Generally speaking，Big insurance group has its own insurance asset management company，Is the absolute main force of insurance funds。

　　中国人寿、中国平安(601318,股吧)等大型保险资管公司掌握70%的保险资管市场份额，其他中小资管公司仅有30%的市场份额。多数保险资产管理公司以集团资金运用为主，或受托管理其他保险公司委托的保险资金，与其他金融资管业隔离。

China life、China peace(601318,Shares it)And other large insurance company (70% of the tube to insurance information management related market share，Other small endowment the company only 30% of the market share。Most insurance asset management company to group fund use primarily，The entrusted management or other insurance company entrusted by the insurance money，And other financial information center isolation。

　　在允许券商基金进入保险资金管理后，中小型保险公司的资金委托有了更多渠道选择，打通证券和基金之间的隔离，形成行业资源良好共享。

In allowing brokers fund of insurance funds into management，Small and medium-sized insurance company funds entrusted to have more choice through multiple channels，Through the securities and fund the segregation between，Industry resources sharing good form。

　　据统计，保险行业的投资收益率为3~5%左右，引入券商基金或许能帮助保险资金提高收益率。信泰人寿首席投资官王连平认为，新政的推出，对大型保险公司资管影响力不大，他们运用本身的资金实力早已涉及其它领域的投资。中小型保险公司因为渠道的开拓、风险规避能力的提升，收益率或有1%左右的提升，受益会比大的保险公司明显，未来保险资管竞争能力将逐步拉开差距。

According to the statistics，Insurance industry investment return of three to 5%，Introducing brokers fund may be able to help improve profitability of insurance funds。Chief investment officer's letter life WangLianPing think，Launch of a new，For large insurance company information management related influence is not big，They use the money already involved itself strength other areas of investment。Small and medium-sized insurance company because the channel of the development、Risk level，Yields or have 1% of ascension，Will benefit more than big insurance company is obvious，The future insurance information management related competition ability will gradually crossed。

　　王连平还强调，券商基金对保险公司的服务能力会明显得到改善，保险公司也会有更大的投资主动权去参与对券商基金公司的合作。

WangLianPing also stressed，Brokers fund of insurance company can significantly improve the service ability，The insurance company will have greater investment initiative to participate in the brokers fund company cooperation。