ISSUING AUTHORITY:

National Administration of Financial Regulation

DATE OF ISSUANCE:

August 29, 2025

EFFECTIVE DATE:

August 29, 2025.

On August 29, 2025, National Administration of Financial Regulation issued the Measures for the Administration of Capital Guarantee Funds of Insurance Companies (the “Measures”), which took effect on the same date.

The Measures introduce significant adjustments across multiple areas, including the types of eligible depository banks, qualification requirements, accepted deposit forms, management protocols, and the disposal filing system. These enhancements further increase insurers' flexibility in capital allocation and improve the efficiency of fund utilization.

The Measures introduce innovations across five key areas: (1) Reducing restrictions on the types of qualified depository banks and allowing all commercial banks meeting prudential regulatory standards and net asset requirements to participate; (2) Optimizing bank qualification criteria by raising net asset thresholds and refining prudential indicators; (3) Adding large-value deposit certificates as an eligible form of deposit, while reclassifying "large-value agreement deposits" as "agreement deposits"; (4) Strengthening rollover and transfer management requirements with improved maturity handling mechanisms; (5) Shifting from an ex-post filing system to an ex-post reporting system to streamline procedures.

Next, the National Financial Regulatory Administration will strengthen coordination with relevant departments to ensure effective implementation of the new rules, deepen regulatory collaboration, refine the management framework, and continuously reinforce the foundation of risk prevention within the insurance industry, promoting high-quality sector development.

Reference:

国家金融监督管理总局关于印发《保险公司资本保证金管理办法》的通知