对保险资金运用与监管的思考

A reflection on the management of insurance funds and its regulation

从1980年恢复国内保险业务以来,保险资金运用走过了初始阶段、治理整顿阶段、规范发展阶段、专业化、市场化发展阶段。回顾保险资金运用的发展路径,为今后保险资金有效运用与发展提供了若干启示,即必须实行制度化;必须实行专业化;必须实行多元化。保险资金运用面临难得的发展机遇和严峻的挑战。当前,保险资金投资实体经济的重点是对基础设施的投资和对优质企业的股权投资。面对新形势,保险资金运用监管存在一些不适应的地方,要改变这种状况,实现"控风险、促发展、保安全"的目标,需要进一步加强和改善保险资金运用监管。

Ever since the insurance business was resumed in 1980, insurance funds management has gone through the initial stage, the rectification stage, the regularized development stage, specialization stage and market-oriented operation stage. Reflecting on the path of development of insurance funds management, we can find some useful inspirations for its further enhancement ： insurance funds investment must be regulated with effective policies, must adopt a specialized approach and must be diversified. Today, there are both unprecedented opportunities and indomitable challenges. The involvement into specific industries by investment funds today is mainly done through its participation into infrastructure projects or equity investment into quality enterprises. As the external environment changes, insurance funds investment regulation should be adapted to fit with the new situations. We should further strengthen and improve on insurance funds investment regulation in order to attain the objectives of ＂controlling risks, promoting development and guaranteeing security＂.