Article 10 The scope of entrusted investment of insurance funds is limited to deposits in the domestic market, bonds and stocks publicly issued and traded in accordance with the law, securities investment funds and other financial instruments.

The types and proportions of insurance funds invested in financial instruments shall comply with the provisions of the China Insurance Regulatory Commission.

Article 11 When an insurance company carries out entrusted investment, it shall, in accordance with regulations and internal control requirements, improve the decision-making procedures and authorization mechanism, determine the decision-making and approval authority of the shareholders (general meeting), the board of directors and the operating management, and the board of directors shall bear the ultimate responsibility for entrusted investment.

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Article 12 When an insurance company carries out entrusted investment, it shall formulate investment manager selection standards and procedures, comprehensively consider risks, costs, benefits and other factors, and reasonably determine the number of investment managers through market-based methods.

Article 13 When an insurance company conducts entrusted investment, it shall sign an entrusted investment management agreement with the investment manager, specifying the rights and obligations of the parties, changes in key personnel, handling of conflicts of interest, risk prevention, information disclosure, handling of abnormal situations, asset exit arrangements and responsibilities

Accountability and other matters.

Insurance companies shall prudently formulate entrusted investment guidelines based on the risk and return characteristics of insurance funds, reasonably determine the investment scope, investment objectives, investment periods, investment restrictions and other factors, review the entrusted investment guidelines regularly or irregularly, and make appropriate adjustments.

Article 14 Insurance companies and investment managers shall, in accordance with market-oriented principles and based on factors such as asset size, investment objectives, investment strategies, investment performance, etc., negotiate to determine the management fee pricing mechanism, dynamically adjust the management fee level, and make adjustments to the management fee level when entrusting investment.

stated in the management agreement.

Article 15 An investment manager who is entrusted to manage insurance funds shall perform the following responsibilities: (1) Strictly abide by the entrusted investment management agreement, entrusted investment guidelines and the provisions of these Measures, clearly formulate investment instructions, perform their duties with due diligence, and perform honesty, credit, prudence, and effectiveness

management obligations; (2) Continuously evaluate, analyze, monitor and verify the transfer, investment, transaction and other activities of insurance funds to ensure that insurance funds are treated fairly in investment research, investment decision-making and transaction execution; (3) Maintain insurance in accordance with the law

Trade secrets of capital investment; regularly or irregularly disclose information such as entrusted fund allocation status, price fluctuations, transaction records, performance attribution, risk compliance, and investment personnel changes to insurance companies, and provide convenience and technical support for insurance companies to query the above information.

; (4) Separate accounts and classify management of insurance funds of different insurance companies and different insurance products.

Article 16 If an investment manager has any of the following circumstances, the insurance company shall promptly terminate or replace the investment manager: (1) Violates the insurance fund entrusted investment management agreement; (2) Uses insurance funds and property to seek improper benefits, or

Seeking illegitimate benefits for others; (3) A major conflict of interest occurs with the entrusted management of insurance funds; (4) The investment manager is dissolved, revoked in accordance with the law, bankrupt, or its assets are taken over by a receiver; (5) No longer meets the requirements for entrusted management of insurance

Capital business qualifications; (6) Other circumstances stipulated by the China Insurance Regulatory Commission or stipulated in the insurance funds entrusted investment management agreement.