(1) Investment resolutions of the shareholders' (general) meeting or the board of directors;
(two) the main business planning, investment scale and business relevance;
(3) Financial consultant reports, due diligence reports and legal opinions provided by professional institutions;
(4) Investment feasibility report, compliance report, description of related party transactions, follow-up management plan and business integration plan;
(5) Shareholders' qualification statement audited by relevant regulatory authorities or recognized by competent authorities;
(6) Description of the investment team and its management experience;
(seven) the investment agreement has the conditions for entry into force, especially after being approved by the relevant regulatory agencies or departments;
(8) Other prudent contents as stipulated by the China Insurance Regulatory Commission.
During the audit period, the China Insurance Regulatory Commission may require the insurance company to stop its equity investment in any of the following circumstances:
(a) the occurrence or face of huge losses, huge civil compensation, tax policy adjustment and other major adverse financial matters;
(2) Major adverse changes, such as massive loss of core business personnel, loss of competitiveness of target market or core business, occur or face;
(three) the relevant departments to implement major punitive regulatory measures;
(4) Other unfavorable matters that China CIRC thinks may have a significant impact on investment.
The transfer or withdrawal of major equity investment shall be reported to the China Insurance Regulatory Commission, explaining the reasons and plans for the transfer or withdrawal, and the relevant resolutions of the shareholders' (general) meeting or the board of directors shall be attached.
Article 31 Where an insurance company makes non-significant equity investment or investment fund investment, it shall report to the China Insurance Regulatory Commission within 5 working days after signing the investment agreement, and submit the following materials in addition to the contents specified in Items (3), (6) and (8) of Article 30 of these Measures:
(1) Investment resolutions of the board of directors or its authorized institutions;
(2) investment feasibility report, compliance report, description of related party transactions, follow-up management plan, legal opinions and investment agreement or subscription agreement;
(3) Evaluation reports of investment institutions and investment funds.
China CIRC has the right to order the insurance company to make corrections if it finds that the investment behavior violates laws and regulations or the provisions of these Measures.
Article 32 An insurance company investing in enterprise equity shall submit quarterly report and annual report to the China Insurance Regulatory Commission respectively within 15 working days after the end of each quarter and before March 3 1 every year, and attach the following written materials:
(a) the investment situation;
(2) the use of capital;
(3) Asset management and operation;
(4) Assets appraisal;
(5) Asset quality and major risks.
(six) major emergencies and their disposal;
(7) Other prudent contents as stipulated by the China Insurance Regulatory Commission.
In addition to the above contents, the annual report should also explain the investment income and distribution, asset recognition and solvency, and changes in investment capacity. , and attach relevant reports audited by professional institutions.
Article 33 An investment institution shall submit an annual report on the investment of insurance funds in equity investment funds to the China Insurance Regulatory Commission before March 3 1 every year.
Article 34 The custodian institution shall, within 15 working days after the end of each quarter and before March 3 1 every year, submit the quarterly report and annual report on the investment of enterprise equity and investment funds to the China Insurance Regulatory Commission, and attach the following materials:
(1) Investment of insurance funds;
(2) The investment is legal and compliant;
(3) Abnormal transactions and matters needing attention;
(4) Assets appraisal;
(five) the main risk status;
(6) Related party transactions involved;
(7) Other prudent contents as stipulated by the China Insurance Regulatory Commission.
Article 35 The China Insurance Regulatory Commission shall formulate standards for equity investment capacity, and insurance companies and relevant investment institutions shall make their own assessments according to the prescribed standards, and submit the assessment report to the China Insurance Regulatory Commission. China CIRC will test and monitor the equity investment ability of insurance companies and related investment institutions.
China CIRC may, according to the needs of the market, appropriately adjust the proportion of investment, the qualifications of relevant parties and the materials submitted. The relevant materials submitted by the insurance fund equity investment enterprise to the China Insurance Regulatory Commission shall meet the regulatory requirements and be responsible for the authenticity of the materials.
Article 36 The China Insurance Regulatory Commission shall, in accordance with the law, conduct on-site supervision and off-site supervision on the equity of insurance fund investment enterprises, and may hire professional institutions to assist in inspection when necessary.
If an insurance company has insufficient solvency, major operational problems or major investment risks, or may have adverse effects on the financial system, financial industry and financial market, the China Insurance Regulatory Commission shall, in accordance with the provisions of relevant laws and regulations, take regulatory measures such as stopping investment business, limiting the proportion of investment, adjusting investors, ordering the disposal of equity assets, limiting shareholders' dividends and executive compensation. If an insurance company fails to continuously meet the provisions of Article 9 after investing in the equity of an enterprise, the CIRC of China shall order it to make corrections.
The equity assets of enterprises with illegal investment shall not be included in the scope of authorized assets by the China Insurance Regulatory Commission in accordance with relevant regulations. If the proportion of equity investment of an enterprise exceeds the provisions of these Measures due to non-subjective factors such as unexpected events or market changes, the insurance company shall adjust the proportion of investment in accordance with the provisions within 3 months. The asset appraisal standards, methods and risk factor rules for the equity of an insurance fund investment enterprise shall be formulated separately by the China Insurance Regulatory Commission.
Article 37 If the senior managers and main business personnel of an insurance company find that the equity of their investment enterprises violates relevant laws, administrative regulations and these Measures during their tenure or after leaving their posts, the China Insurance Regulatory Commission will investigate their responsibilities according to law.
If an investment institution or professional institution uses insurance funds to participate in equity investment activities, which violates the provisions of relevant laws, administrative regulations and these Measures, the China Insurance Regulatory Commission has the right to record its bad behavior and inform its supervision or competent department of the relevant situation. If the circumstances are serious, the China Insurance Regulatory Commission will order the insurance company to stop its business dealings with this institution, and negotiate with the relevant regulatory authorities or competent departments to give administrative punishment according to law.
An insurance company shall not have business dealings with investment institutions and professional institutions listed in the list of bad records.