Laws of the People's Republic of China

Circular of China Insurance Regulatory Commission Concerning the Printing and Distribution of the Statistical System for Insurance-related Foreign Currencies

Bao Jian Fa [2006] No.130

Each insurance company and insurance assets management company:

In order to comprehensively grasp asset and liability status of foreign currency and the situation about foreign currency business, this Commission has instituted the Statistical System for Insurance-related Foreign Currencies. We hereby print and distribute it to you and notify the following related matters:

1.

Application Scope

This System is applicable to each insurance company and insurance assets management company.

2.

Information to be submitted

The statistical information concerning foreign currencies shall cover the statistical information regarding such original currencies as US dollar, Hong Kong dollar, euro, yen and pound, that on the conversion of other foreign currencies into US dollar as well as that on the conversion of aggregate foreign currencies into US dollar. For the whole set of statistical indicators for foreign currencies, see the Statistical Indicators for Foreign Currencies.

The conversion rates for the statistics of foreign currencies shall be decided subject to the Measures for Administering Currency Types and Conversion Rates for the Statistics of Insurance-related Foreign Currencies (Boa Jean Fa [2006] No.126).

3.

Means of Submission

All companies shall, in the form of "complete subjects and great concentration", submit the statistical indicators for foreign currencies to this Commission via the China Insurance Statistical Information System.

4.

Frequency of Submission

In accordance with the filing frequency indicated in the Statistical Indicators of Foreign Currencies, a company shall submit monthly, quarterly, semi-annual and annual statements of statistical indicators to China Insurance Statistical Information System, respectively.

5.

Level of Submission

The information submitted shall be the statistical information concerning foreign currencies of group (holding) companies and head offices.

6.

Time of Submission

Each company shall submit the statistical information on foreign currencies since July 2007 as required by this Circular.

7.

Requirements of Submission

(1)

Each company shall, strictly according to the indicators, standards and requirements specified in this Circular, submit statistical information in a timely manner and guarantee the authenticity, accuracy and integrity of the data submitted. No company may delay the submitting without approval.

(2)

Each company shall update the butt-joint system of China Insurance Statistical Information System in time and adopt effective measures to ensure the security of statistical information and the safety of network as required by this Circular. And

(3)

Each company shall pay enough attention to the statistics of foreign currencies, intensify the analysis and study of foreign currency business and submit the analysis report for each quarter.

8.

Other explanations

(1)

The matters unspecified in this Circular shall be carried out according to the current provisions concerning statistics.

(2)

In case any company faces any problem during the implementation of this system, please contact the Information Department under this Commission in a timely manner.

Contact: Zhan Jingrui

Tel/Fax: 010-66286589; 010-66288110

E-mail: tjzdc@circ.gov.cn

The China Insurance Regulatory Commission

December 29, 2006