我国保险资金股权投资问题研究

A Study on the Equity Investment ofInsurance in China

在发达市场经济国家,保险机构因其资金体量大、投资周期长等特点,一直是股权投资市场的重要机构投资者。目前,我国保险资金股权投资规模相对较小,不利于保险资金管理效率的提高。要推动保险资金股权投资业务健康持续发展,还需要保险机构进一步加大创新力度。对此,本文从探讨保险资金参与股权投资的现实可行性入手,对保险股权投资的发展模式、创新路径及风险管控问题进行探讨,以求探寻推动保险资金股权投资业务健康发展的路径。在以上分析的基础上,本文还提出了完善股权投资退出渠道、加大政策对股权投资的支持力度、推动保险股权投资的创新力度等宏观和监管政策等建议。

Abstract:In developed countries,because of the characteristics of insurance companies,such as massive fund size,long term investment,insurance companies have been important institutional investors in the equity market.At present,investment in the equity market by insurance companies is relatively small,which is not helpful in terms of improving fund management efficiency in the insurance industry.To promote development of equity investment in a healthy and sustainable way,increasing innovation is needed for insurance companies in the future.This paper begins with discussing the feasibility of insurance funds participating in equity investment,development path for equity investment,innovation and risk control,in order to explore a healthy development path of promoting equity investment.Based on the analysis,this paper also proposes recommendations of improving equity investment exit channels,increasing policy support for equity investments,promoting innovation of insurance equity investments and other macro and regulatory policy recommendations.