The scope and proportion of investment in enterprise annuity fund property are as follows: (1) The enterprise annuity fund property of each portfolio is managed by an investment manager, and the fair value of the enterprise annuity fund property based on the portfolio shall meet the following requirements: a. The proportion of liquid products such as demand deposits of investment banks, central bank bills and bond repurchase and money market funds shall not be less than 5% of the net asset value of the portfolio enterprise annuity fund; Liquidation reserves, securities clearing funds and securities subscription funds in the primary market are regarded as liquid assets; The proportion of investment bonds repurchased shall not be higher than 40% of the net asset value of the combined enterprise annuity fund. B The proportion of fixed-income products such as investment bank time deposits, agreement deposits, government bonds, financial bonds, corporate (company) bonds, short-term financing bonds, medium-term notes, universal insurance products, convertible bonds (including separately traded convertible bonds), bond funds and investment-linked insurance products (the proportion of stock investment is not higher than 30%) shall not be higher than 95% of the net asset value of the portfolio enterprise annuity fund. C the proportion of investment in equity products such as stocks, stock funds, mixed funds and investment-linked insurance products (the proportion of stock investment is higher than or equal to 30%) shall not be higher than 30% of the net asset value of the enterprise annuity fund of the portfolio. Among them, enterprise annuity funds may not directly invest in warrants, but warrants derived from investment varieties such as stocks and convertible bonds shall be sold within 10 trading days from the date of listing and trading of warrants. (2) Ministry of Human Resources and Social Security will adjust the scope and proportion of investment in a timely manner in conjunction with CBRC, CSRC and CIRC according to the changes in the financial market and investment operation. (3) The investment of a single portfolio in stocks, short-term financing bonds, medium-term notes, financial bonds, corporate (company) bonds, convertible bonds (including separately traded convertible bonds), single securities investment fund, single universal insurance product or enterprise annuity fund property of the same variety of investment-linked insurance products issued in a single period shall not exceed 5% of the above-mentioned securities circulation, fund share or asset management scale of the insurance product. At fair value, it shall not exceed 10% of the net asset value of the enterprise annuity fund of the portfolio.
The enterprise annuity fund property of a single portfolio shall not exceed 30% of the net asset value of the enterprise annuity fund of the portfolio, which is not subject to the above restriction of 10%.