华泰保险集团150亿投资中国商飞支持大飞机Huatai Insurance Group invests in COMAC
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支持实体经济项目接连落地 150亿险资助力商用大飞机
RMB15 bln of insurance funds invested to support development of large aircraft
在政策力挺的大背景下，保险资金支持实体经济的项目接连落地。昨日，中国商飞公司与华泰保险集团达成战略合作，后者旗下的华泰资产管理公司将通过设立保险债权投资计划的方式，向中国商飞提供150亿元的保险资金，用于支持中国大飞机项目的研发、生产以及运营等。
这是保险资金首次投资支持我国大飞机项目。其不仅是今年5月保险债权投资计划投资重大工程进一步松绑后的重要项目，也是截至目前在保险资产管理协会注册的最大债权计划。
中国保监会副主席陈文辉表示，保险资金具备期限长、规模大、来源稳定和追求稳定收益的独特优势，可以与商用大飞机这种基础性、支柱性和战略性的项目实现结合。华泰保险将保险资金引入航空制造这个代表先进生产力的新兴战略行业，推动了保险资金投资的多元化，降低了资金投资风险，有良好的社会效应和正面引导意义。
债权投资计划是保险资金支持战略性新兴产业、支持实体经济的重要举措，契合中国商飞初期投入大的需要。据了解，本次引入的资金，除了华泰保险集团自身的投入之外，也将引入保险业内其他公司的资金，共同支持实体经济的发展。
“华泰-中国商飞债权投资计划”具有可续期性质，注册规模150亿元。值得一提的是，在产品期限方面，此次项目投资期限初步定为10年，到期后中国商飞可以根据其生产经营的实际需要提出是否延期。
在业内人士看来，这充分体现了保险资金期限长、规模大的特点，能够更好地服务实体经济。与此同时，目前大飞机已获得国内外航空公司的大量订单，未来业务发展空间巨大，批量生产能力会显著体现，盈利能力大幅提升，能够确保保险资金获得安全而稳定的投资回报。
来自保监会的数据显示，截至2017年6月末，保险业总资产16.4万亿元，保险资金运用余额已达到14.5万亿元。当前，保险资金累计通过债权计划、股权计划等方式，直接投资国家重大基础设施建设、养老社区和棚户区改造等民生工程，累计金额超过4万亿元，形成了一批有影响力的投资项目。保险已经成为服务实体经济的重要力量。
据陈文辉透露，下一步，保监会将进一步完善保险资金服务实体经济的配套政策，用改革创新的办法疏通渠道，提高投资效率，缩短投资链条，降低资金成本，引导更多保险资金服务国家重大发展战略、重大改革举措、重大建设工程。
With great support from policy, projects of insurance funds supporting real economy have been put into place successively. Commercial Aircraft Corporation of China Ltd. (COMAC) came to agreement on strategic cooperation with Huatai Insurance Group yesterday. Huatai Asset Management Co., Ltd., the investment arm of Huatai Insurance Group, will provide 15 billion yuan of insurance funds to COMAC by a debt investment plan so as to support the research and development, production and operation of China’s large aircraft.
This is the first time that insurance funds are invested to support China’s large aircraft project. It is not only an important project after regulation on debt investment plan by insurance capitals was further relaxed in May but also the biggest debt investment plan registered in Insurance Asset Management Association of China (IAMAC).
As insurance funds are large in scale and stable in supply and seek for steady earnings, they can meet the demand of big commercial aircraft, said Chen Wenhui, vice-chairman of China Insurance Regulatory Commission (CIRC). Huatai Insurance Group’s move of introducing insurance funds to aircraft manufacturing, an emerging strategic industry representing advanced productivity, will produce sound social effect and positive guidance as it stimulates diversified investment of insurance funds and lowers investment risk.
Debt investment plan is an important measure of insurance funds supporting strategic emerging industry and supporting the real economy, and fits COMAC’s demand for large number of capitals at early stage. It is learnt that besides investment from Huatuai Insurance Group, the funds will also come from other insurers, which support development of the real economy together.
The debt investment plan with capitals of 15 billion yuan is renewable. Noticeably, the investment term for this project is set to be 10 years, but the aviation manufacturer COMAC can choose to renew the plan when it matures based on the company’s actual need.
In the opinion of industry insiders, this fully reflects the characters of insurance funds with long duration and large scale, making them better serve the real economy. Meanwhile, airlines at home and abroad have placed a great number of orders for large aircraft. There’s huge potential for the development of this business in the future. Volume production capability and profitability will be improved remarkably, ensuring that insurance funds can gain safe and stable investment returns.
Statistics from CIRC showed that as of the end of June, the combined assets of China’s insurance sector totaled 16.4 trillion yuan, and the balance of insurance funds investment reached 14.5 trillion yuan. Currently, a total of over 4 trillion yuan of insurance funds have been directly invested in some projects such as major infrastructure construction, aging community and rebuilding rundown urban areas. Insurance has played an important role in serving the real economy.
Chen said the CIRC will further improve its policies to encourage insurance funds to support the real economy and serve national development strategies as well as major reforms and projects by improving investment efficiency, shortening investment chain and reducing cost of capitals.
Source: Xinhua Finance Agency 丨Shanghai Securities News
Translated by Vanessa Chen