China's Insurance Funds Strategy And Risk Management Of Alternative Investments

China's economic slowdown has become the consensus of all parties,the market generally believes in the economic downtrend will continue for a longer period of time,and proposed a"new normal" concept.In order to prevent a hard landing may cause pain in 2015,China has entered a period of monetary easing,the central interest rate down sharply,the yield level of each channel of a general decline in investment.Since the end of the financial institution price stickiness is significantly greater than the investment side,interest rates down so severely affected the profitability of financial institutions.The insurance company relative to other financial institutions,funds end price stickiness is more prominent,so the profit levels more likely to be of central interest rate downward erosion.At the same time,"Pan information management" areas with increased competition,the issue of insurance information management of alternative investment products,after several years of development spurt before,entered the inflection point.With the gradual liberalization of regulatory policy,investment of insurance funds pay more attention to the interests of effectiveness and risk diversification,a corresponding reduction in the proportion of fixed-standardized products,and actively promote the acquisition of foreign assets and insurance claims investment plan products,domestic insurance funds for alternative investments mostly is remaining on the qualitative level,on a quantitative level can learn all kinds of mostly standardized public offering bonds pricing mechanism,which apply to alternative pricing systems lack empirical credibility,but due to lack of transparency in this alternative investment products a characteristic lack of specification of liquidation of assets,information disclosure and complete delivery market,resulting in alternative investments in asset valuation and pricing process more complicated.It is in this macro context,this paper relies on standardized pricing mechanism raised debt products,debt investment plan to seize the insurance products with investment products raised bond spreads analyze this point,selected for its innovative generation spreads several variables affect the use of 58 data plan insurance investment products,the empirical analysis,conclusions obtained certain reference value.In the overall investment process,most insurance companies lack insurance products for alternative investment risk management system construction,often based on standardized product risk management models,make minor modifications analogy empirical data for the insurance debt investment plan overall risk characteristics of products and No detailed study for the current outstanding credit risk alternative products on the market,liquidity risk presented herein corresponding recommendations,and under "compensation ?"system of insurance funds investment alternative product development strategy and risk management systems were discussed.