Gao Zhenhua, A Guarantor Of Assets, Is Actively Applying For Public Asset Management Business.

The insurance funds will be opened up, and the channels of insurance will be opened to enter the era of big capital management.

Gao Zhenhua, chief marketing officer of China's PICC asset management Limited by Share Ltd (hereinafter referred to as "human capital assets"), said that the future of human capital assets will become a full license insurance Asset Management Co, providing professional wealth management services to insurance institutions, non insurance institutions and the public.

The following opinions issued by the State Council on accelerating the development of modern insurance service industry (namely the new "Ten States") further put forward that we should improve the allocation efficiency of insurance funds, expand the functions of insurance services, and promote the upgrading of quality and efficiency of the economy. For the first time, it is clear that we should encourage the establishment of professional insurance asset management institutions such as real estate, infrastructure and pension, allowing professional insurance asset management institutions to set up sandwich funds, acquisition funds, real estate funds and other private equity funds.

"For insurance asset management, we should gradually realize the pformation from asset managers to market-based wealth managers within the group, and put forward new requirements for new opportunities."

Gao Zhenhua said that in order to change the dependence and passive allocation of high cost liabilities, we should actively combine the debt protection and asset orientation to further optimize the asset liability management model with multiple matching risks, returns and liquidity. At the same time, we should implement the new spirit of "ten countries", and give us the unique advantages of long-term investment in insurance funds, and promote the coordinated development of the insurance market and the money market and capital market.

This puts forward higher requirements for asset liability management, credit evaluation, risk identification and project management capabilities of insurance Asset Management Co.

Also said that the implementation of the new "ten state" related policies will further clear the policy obstacles for insurance companies to set up private equity funds.

From the international experience, it is the choice of most insurance Asset Management Co to set foot in the private equity market at the right time.

Personal insurance assets will also gradually optimize asset allocation, develop equity investment and other alternative investment business, further enhance the income contribution and efficiency of capital utilization of new categories of assets.

In accordance with the investment capability recorded by the CIRC, PICC has all the investment qualifications and insurance asset management products issued qualification to carry out the insurance asset management. It also has the qualification of investment management of enterprise annuity and the eligible management of non insurance eligible investors who can identify and take corresponding risks.