chapter I general provisions article 1 in order to regulate insurance asset management institutions to carry out insurance asset management products (hereinafter referred to as insurance asset management products or products) business and protect the legitimate rights and interests of investors and relevant parties, in accordance with the insurance law of the people's Republic of China, the banking supervision law of the people's Republic of China, the guiding opinions on regulating asset management business of financial institutions (hereinafter referred to as the guiding opinions) and related regulations. Article 2 These Measures shall apply to insurance asset management institutions established within the territory of the People's Republic of China to conduct insurance asset management products business. Except as otherwise provided by laws, administrative regulations and China Banking Insurance Regulatory Commission (hereinafter referred to as China Banking and Insurance Regulatory Commission). Article 3 The term "insurance asset management product business" as mentioned in these Measures refers to the financial services that the insurance asset management institution accepts the entrustment of investors, establishes insurance asset management products and acts as the manager, and invests and manages the entrusted investors' property in accordance with laws, regulations and relevant contracts.

Insurance asset management products include debt investment plans, equity investment plans, portfolio products and other products specified by China Banking and Insurance Regulatory Commission. Article 4 Insurance asset management products shall be issued to qualified investors in a non-public way. Article 5 An insurance asset management institution shall give full play to the advantages of long-term and stable insurance funds to serve insurance protection and economic and social development when conducting insurance asset management products business. Article 6 Insurance asset management institutions shall abide by laws, administrative regulations and the provisions of China Banking and Insurance Regulatory Commission, follow the principles of fairness and justice, safeguard the legitimate rights and interests of investors, be honest and trustworthy, be diligent and conscientious, and prevent conflicts of interest. Article 7 When an insurance asset management institution conducts insurance asset management products business, it shall strengthen the management of investors' appropriateness, fully disclose information and risks to investors, and shall not promise to protect capital and income.

when investing in insurance asset management products, investors should make prudent decisions according to their own abilities and bear investment risks independently. Article 8 The property of insurance asset management products is independent of the inherent property of insurance asset management institutions, custodians and other natural persons, legal persons or organizations providing services for product management and other properties managed by them. Property and income obtained from the management, use, disposal or other circumstances of product property shall be classified as product property. Insurance asset management institutions, custodians and other institutions are liquidated for reasons such as dissolution, cancellation or bankruptcy according to law, and the product property does not belong to their liquidation property. Article 9 China Insurance Asset Management Association, Shanghai Insurance Exchange Co., Ltd. and China Insurance Asset Registration and Trading System Co., Ltd. shall, in accordance with laws, administrative regulations and the provisions of China Banking and Insurance Regulatory Commission, conduct self-discipline management on insurance asset management institutions' insurance asset management products business. Article 1 An insurance asset management institution shall conduct issuance, registration, custody, trading, settlement and information disclosure on the asset registration and trading platforms (hereinafter referred to as registration and trading platforms) recognized by China Banking and Insurance Regulatory Commission, such as Shanghai Insurance Exchange Co., Ltd. and China Insurance Assets Registration and Trading System Co., Ltd.. Article 11 China Banking and Insurance Regulatory Commission shall supervise and manage the business of insurance asset management products according to law.

China Banking and Insurance Regulatory Commission implements penetrating supervision over the insurance asset management products business, identifying the ultimate investors of the products upward and the underlying assets downward, and implementing comprehensive dynamic supervision over the product operation and management. Chapter ii parties to products article 12 qualified investors as mentioned in these measures refer to natural persons, legal persons or other organizations that have the corresponding risk identification ability and risk-taking ability, and have invested in a single product for not less than a certain amount and meet the following conditions:

(1) natural persons who have more than two years of investment experience and meet one of the following conditions: their family financial net assets are not less than 3 million yuan, their family financial assets are not less than 5 million yuan, or their average annual income in recent three years is not less than 4, yuan.

(2) a legal entity with a net asset of not less than 1 million yuan at the end of the most recent year;

(3) institutions supervised by financial supervision and regulation departments and asset management products issued by them;

(4) pension funds such as basic pension, social security fund and enterprise annuity;

(5) Other circumstances in which China Banking and Insurance Regulatory Commission is regarded as a qualified investor. Article 13 An insurance asset management institution shall meet the following conditions when conducting insurance asset management products business:

(1) It has sound corporate governance and good market reputation, and meets the requirements of China Banking and Insurance Regulatory Commission on investment management capabilities;

(2) It has a sound operating process, internal control mechanism, risk management and auditing system, and establishes a fair trade and risk isolation mechanism;

(3) Set up professional posts such as product development, investment research, investment management, risk control and performance evaluation;

(4) It has a stable investment management team with not less than the required number of relevant professionals;

(5) There has been no major violation of laws and regulations in the last three years, and there has been no major violation of laws and regulations since its establishment less than three years ago;

(6) Other prudential conditions stipulated by China Banking and Insurance Regulatory Commission. Article 14 an insurance asset management institution shall perform the following duties when conducting the insurance asset management product business:

(1) handle the product registration or registration procedures, share sales, custody and other matters according to law;

(2) Manage and keep accounts for the entrusted properties of different products separately, and manage the product properties according to the contract;

(3) determine the income distribution plan according to the product contract and distribute the income to investors in time;

(4) conduct product accounting and prepare product financial accounting reports;

(5) Calculate and disclose the net product value or investment income according to law;

(6) handling information disclosure matters related to entrusted property management business activities;

(7) keeping records, account books, statements and other relevant materials of entrusted property management business activities;

(8) exercising litigation rights or carrying out other legal acts on behalf of investors in the name of the administrator;

(9) Other duties stipulated by China Banking and Insurance Regulatory Commission.