论保险市场与资本市场的整合

On the Integration of Insurance Market and Capital Market

保险业、银行业、证券业的日益融合 ,是当今金融业发展的趋势。它为我国保险业摆脱困境提供了必要的宏观环境 ,同时也为资本市场的完善提供了契机。资产收益率低、利差损问题使中国保险业将面临偿付能力不足的困境 ;市场结构不完善、功能存在缺陷使资本市场发展缓慢。为摆脱这一困境 ,需营造保险市场与资本市场整合的基础环境 ,制定符合国情的制度安排 ,使中国保险市场深度参与资本市场的运作 ,与资本市场共同发展 ,以达到利益共享 ,并在风险控制的基础上最终摆脱各自的困境。

Nowadays, integration among insurance, bank and security industries is a trend of financial development. It provides necessary macro-condition for China's insurance industry to get rid of plight. Meanwhile, it is a chance for capital market to complete. Lower asset earning rate and loss of interest gap has made china's insurance industry be confronted with plight of solvency. Incomplete of market structure and drawback of function has also made capital market be confronted with morass. In order to promote the integration and co-development of insurance market and capital market, it is necessary for us to build a basic condition and to make institutional arrangement, which accord with Chinese characteristics so as to get rid of their plight.