• The insurance industry faces significant challenges in managing investment returns due to persistent declines in equity markets and low-risk interest rates, with the CSI 300 index falling by approximately 11.4% in a year, impacting net profits of insurance companies.
• In response to these challenges, insurance funds have increased their bond holdings to over 45% in 2023, reaching a ten-year high, as bonds serve as a stabilizing force amidst volatile equity markets and help bridge asset-liability duration gaps.
• Insurance companies are also adapting by reducing liability costs through lower product predetermined rates and expenses, while diversifying investments into foreign bonds and equities based on practices observed in international markets like the US, Japan, and the UK.

• In early April 2024, China's financial regulators issued an initiative under the market interest rate pricing self-discipline mechanism to prohibit banks from using manual interest compensation as a means to attract high-interest deposits and maintain order in the deposit market. Banks were required to conduct self-inspections and rectify any non-compliance by the end of April 2024.
• The rate self-discipline mechanism, established in September 2013 and guided by the People's Bank of China, has played a significant role in coordinating market pricing and advancing interest rate market reforms. This initiative marks its first formal issuance in over a decade, reflecting a firm regulatory stance against practices that circumvent deposit rate controls.
• Manual interest compensation was originally intended to correct operational errors but had been exploited by some banks under competitive pressure to offer higher than regulated deposit rates, particularly to major corporate clients. This practice was seen as contributing to inefficient capital utilization and financial risks, prompting zero tolerance from regulators aiming to curb these activities.

【本文系数据通用户提前专享】低利率环境下，保险业投资端与负债端持续存在平衡难局

【本文系数据通用户提前专享】监管部门对银行手工补息、高息揽储零容忍，剑指企业资金空转；短期整治之后，还有待经济转型升级、有效需求恢复、社会预期改善

低利率环境下，保险业投资端与负债端持续存在平衡难局

监管部门对银行手工补息、高息揽储零容忍，剑指企业资金空转；短期整治之后，还有待经济转型升级、有效需求恢复、社会预期改善

• Xiaomi launched its first car, the SU7, on March 28, 2024, sparking interest in the new energy vehicle market. The insurance costs for the SU7 are comparable to those of a fuel vehicle priced over 500,000 yuan, with premiums ranging from 7,000 to 9,900 yuan depending on the model.
• New energy vehicles (NEVs) face higher insurance rates and claim frequencies compared to traditional fuel vehicles. Insurance companies often operate at a loss in this segment due to high risk and payout rates associated with NEVs. Regulatory adjustments aim to address these issues by optimizing insurance mechanisms for NEVs.
• A draft notice from China's financial regulatory authority proposes expanding the pricing autonomy for NEV insurance by adjusting the autonomous pricing coefficient range from 0.65-1.35 to 0.5-1.5, allowing insurers more flexibility in setting premiums based on risk levels and potentially reducing instances of coverage denial.

【本文系数据通用户提前专享】“车主喊贵、险企喊亏”，新能源车险尴尬局面如何破解，放宽定价范围作用有多大

“车主喊贵、险企喊亏”，新能源车险尴尬局面如何破解，放宽定价范围作用有多大

习近平会见布林肯：“第一颗纽扣”扣好了，中美关系才会真正稳下来、好起来；爱马仕领跑奢侈品增长 日本市场增长最快；已故存款人小额存款提取新规：5万元以下免公证 扩大简化提取范围；证监会科技监管司司长姚前被查

4月25日财新传媒主办首届“中国养老产业论坛”，主题为“筹谋新变局，洞察新机遇”，瞄准产业刚需、发挥政企合力、探索老龄化时代养老产业的可持续发展之路。

财新传媒举办首届中国养老产业论坛，携手政策监管层、健康养老机构、金融机构、行业协会人士与知名专家学者，就养老金融、养老产业等话题建言献策

个体层面的安全第一，加总到宏观层面恰恰没有安全可言。“搞钱”难，还钱难，正是通缩的症状。为防范通缩及其经济和金融风险，还需要更有力、更有想象力的政策

下一个十年的改革，要立足于为2035年基本实现中国式现代化从体制制度上开辟道路。必须解放思想，从中国国情和新质生产力发展的实际要求出发，突出重点，在重点领域和关键改革环节取得突破

金融体系的每一次变化，看似跟随政策起伏波动，但事实上每一轮金融周期穿透到底层，都是经济周期

中国到了要赤字货币化的时刻了吗？中国需要赤字货币化吗？

耶伦称，中国的市场改革曾取得巨大成功，现在中国也仍有通过改革获益的潜力