The reporter recently learned from the China Insurance Regulatory Commission (CIRC) that in the first three quarters, income from the utilization of insurance funds reached RMB 581.431 billion, up 20.41% year-on-year; the investment yield was 4.05%, 0.1 percentage points higher than the same period last year.

　　Data shows that as of the end of September, the balance of insurance fund utilization stood at RMB 14.647173 trillion, up 9.38% from the beginning of the year.

　　In terms of the allocation of insurance funds, bank deposits and bonds totaled RMB 7.138278 trillion, accounting for 48.73%, down 1.97 percentage points from the beginning of the year; stocks and securities investment funds totaled RMB 1.883191 trillion, accounting for 12.86%, down 0.42 percentage points; long-term equity investments totaled RMB 1.377272 trillion, accounting for 9.40%, up 0.23 percentage points; and policyholder pledge loans and debt investment plans totaled RMB 1.498966 trillion, accounting for 10.23%, up 1.08 percentage points.

　　A person in charge of the relevant CIRC department stated that the allocation of insurance funds is becoming increasingly rational and investment income is growing steadily. The CIRC will innovate the ways in which insurance funds are utilized, shorten the investment chain, reduce capital costs, and guide insurance funds to serve the country's major development strategies and major construction projects.

Source: Xinhua News Agency 2017-12-21