1. The market value of a single publicly offered asset management product invested in a single securities or a single securities investment fund shall not exceed 65,438+00% of the net assets of the asset management product.

2. The market value of all publicly offered asset management products issued by the same financial institution and invested in a single securities or a single securities investment fund shall not exceed 30% of the market value of the securities or securities investment fund. Among them, the shares issued by a single listed company invested by all open public asset management products of the same financial institution shall not exceed 15% of the outstanding shares of the listed company.

Three, all asset management products of the same financial institution shall not exceed 30% of the shares issued by a single listed company.

The asset concentration of portfolio investment shall conform to the Guiding Opinions, that is, "financial institutions shall control the asset concentration of investment in asset management products, and the shares issued by a single listed company invested in all asset management products of the same financial institution shall not exceed 30% of the outstanding shares of the listed company."

The merged rules further strengthen supervision and clarify seven prohibited acts of insurance asset management institutions to carry out such business, including not transferring active management responsibilities; Do not carry out or participate in the fund pool business with the characteristics of rolling issuance, collective operation and independent pricing; Shall not violate the principle of true and fair determination of net worth; Do not invest classified portfolio products in other classified asset management products; Shall not accept the entrustment in the form of investment consultant; Illegal transactions and other acts prohibited by laws and regulations shall not be conducted in any form. By delineating supervision, it is clear that violations will be rectified. If the circumstances are serious, regulatory measures such as suspending the combined product business will be taken according to law.

What can a combined insurance asset management product invest in?

Combined insurance asset management products (hereinafter referred to as combined products) refer to insurance asset management products issued by insurance asset management institutions to qualified investors in a non-public way, which mainly invest in publicly traded market varieties and operate in a combined way.

According to the above supporting rules, an insurance asset management institution shall meet the following conditions to carry out portfolio product business:

(1) Having entrusted investment experience for more than one year.

(2) Having the investment management ability corresponding to the investment scope of portfolio products.

(3) Determine two business risk responsible persons, including administrative responsible persons and professional responsible persons, whose performance requirements shall be implemented with reference to the relevant regulations of China Banking Regulatory Commission.

(4) Set up a special combined product business management department with no less than 5 employees, and the relevant personnel responsible for product R&D, design and management should have the necessary professional knowledge, industry experience and management ability.

(5) Establish and improve the business system of combined products, clarify relevant processes such as product design, investment decision-making and authorization management, and formulate and implement corresponding risk management policies and procedures.

(six) no major violations of laws and regulations in the last three years, and no major violations of laws and regulations in less than three years after its establishment.

(7) Other conditions as required by China Banking Regulatory Commission.