中国经济网北京7月25日讯 记者从保监会网站获悉，为进一步规范保险资金投资股权和不动产行为，中国保监会近日发布《关于保险资金投资股权和不动产有关问题的通知》(以下简称《通知》)。《通知》调整放松了部分限制，但仍然强调，防止险资以养老项目名义建设和销售商品房，防范以自用项目名义投资不动产。

China Beijing cew has been on July 25, reporter from circ website learned，For the purpose of further regulating the insurance fund investment in real estate equity and behavior，Issued by the China insurance regulatory commission recently《About insurance fund investment in real estate and equity of the relevant questions of the notice》(Hereinafter referred to as《notice》)。《notice》Adjust the relaxed restrictions part，But still insists，To prevent the risk information to endowment project name construction and sales commodity house，Guard for personal use project name investments in real estate。

　　早在2009年，保监会发布的《险资投资不动产办法》就对险企投资不动产做出严格规定。列出“保险公司投资不动产不得投资开发或者销售商业住宅、不得直接从事房地产开发建设(包括一级土地开发)”；不得投资设立房地产开发公司，或者投资未上市房地产企业股权（项目公司除外），或者以投资股票方式控股房地产企业”等限制。

As early as in 2009，Issued by the circ《Risk information to investments in real estate》Investments in real estate enterprises to risk a strict regulations。list“The insurance company investments in real estate development or sales may not be investment commercial residential buildings、May not be directly engaged in the real estate development and construction(Including level land development)”；The establishment of real estate development company shall not be investment，Or investment real estate enterprise equity not yet on the market（Except the project），Or in the way of real estate investment stock holding enterprise”limit。

　　此次调整后的《关于保险资金投资股权和不动产有关问题的通知》对险资投资不动产限制有所放宽。规定“保险公司重大股权投资和购置自用性不动产，除使用资本金外，还可以使用资本公积金、未分配利润等自有资金。保险公司非重大股权投资和非自用性不动产投资，可以运用自有资金、责任准备金及其他资金。”同时，《通知》对保险公司投资自用性不动产，其专业人员的基本要求，调整为资产管理部门应当配备具有不动产投资和相关经验的专业人员。

After the adjustment《About insurance fund investment in real estate and equity of the relevant questions of the notice》Investments in real estate information to risk limits have been relaxed。provisions“Insurance company significant equity investment and purchase real estate for sex，In addition to the use of capital，Also can use capital reserve fund、Undistributed profit from its own funds, etc。The insurance company the significant equity investment and not for sex of the real estate investment，Can use their own funds、Liability reserve and other funds。”At the same time，《notice》For insurance companies for real estate investment sex，The professional basic requirements，Adjusted for asset management department shall be equipped with the real estate investment and related with experience of professional personnel。

　　今年来，多家保险公司纷纷推出养老社区投资建设项目。而据记者了解，不乏有险企在操作过程中以养老项目为名义建设不动产，或自用项目名义对房地产进行投资，此次限制的放宽更加大了房地产投资对险企的诱惑。对此，保监会着重强调了防止险资以养老项目名义建设和销售商品房，增加和调整了部分细则以防范投资风险，并表示未来将加强监管。

This year to，Many insurance companies have introduced endowment community investment construction project。And according to reporter understanding，Not a high risk in the operating process to endowment projects for the construction of the name real estate，Or for the name of real estate projects for investment，The restrictions eased more big investment in real estate to risk the temptation of enterprises。this，Focused on the circ to prevent risks endowment to endowment project name construction and sales commodity house，Increase and adjusted the part of the rules in order to guard against the investment risk，And said the future will strengthen the supervision。

　　《通知》规定，保险公司投资股权或者不动产，不再执行上一会计年度盈利的规定；上一会计年度净资产的基本要求，均调整为1亿元人民币；偿付能力充足率的基本要求，调整为上季度末偿付能力充足率不低于120%；开展投资后，偿付能力充足率低于120%的，应当及时调整投资策略，采取有效措施，控制相关风险。

《notice》provisions，The insurance company investment equity or real estate，No longer conduct in the last financial year profit rules；In the last financial year of the net assets of the basic requirements，Are adjusted for 100 million yuan；Solvency adequacy basic requirements，Adjusted for the quarter solvency adequacy ratio not less than 120%；After carry out investment，Solvency adequacy ratio of less than 120%，It shall timely adjust investment strategy，Take effective measures，Control related risk。

　　对此次险资投资股权和不动产限制调整对相关行业的后续影响，本网将持续关注。

The risk of equity capital investment and real estate limitative adjustment to the following influence related industry，We will continue to focus on。

通知原文： Notify the original：

　　《关于保险资金投资股权和不动产有关问题的通知》

《About insurance fund investment in real estate and equity of the relevant questions of the notice》