Article 27 The Ministry of Finance is responsible for the management of state-owned assets and financial supervision of insurance protection fund companies.
The budget and final accounts of the insurance protection fund company shall be formulated by the board of directors of the insurance protection fund company and submitted to the Ministry of Finance for approval.
Article 28 An insurance protection fund company shall establish a scientific performance appraisal system and submit the appraisal results to the China Insurance Regulatory Commission, the Ministry of Finance and other relevant departments on a regular basis.
Article 29 The use of funds of insurance protection funds shall follow the principles of safety, liquidity and profitability, and realize the preservation and appreciation under the premise of ensuring the safety of assets.
The use of funds in the insurance protection fund is limited to bank deposits, buying and selling government bonds, central bank bills, central enterprise bonds, financial bonds issued by central financial institutions and other forms of capital use approved by the State Council.
Article 30 An insurance protection fund company may entrust a professional investment management institution to conduct investment management of the insurance protection fund, and implement third-party custody of the insurance protection fund entrusted for investment management.
Article 31 An insurance protection fund company shall submit relevant reports in accordance with the following provisions:
(a) submit the collection, use and use of the insurance protection fund to the China Insurance Regulatory Commission, the Ministry of Finance, the People's Bank of China and other relevant departments on a monthly basis;
(2) Submitting the audited annual financial report of the company to the China Insurance Regulatory Commission, the Ministry of Finance, the People's Bank of China and other relevant departments in accordance with relevant regulations;
(3) Other reports that should be submitted according to law.
Where an insurance protection fund company fails to submit relevant reports to the relevant state departments in a timely manner in accordance with the provisions of these Measures, the relevant state departments shall order it to make corrections.
Article 32 An insurance protection fund company shall regularly disclose the relevant financial information of the insurance protection fund to the insurance company.