May 19, 2020

On April 24, 2020, CISFC held the investment supervision meeting for Q2 online. Supervisors from 13 investment managers including China Life Asset Management Company and Ping An Asset Management Company as well as custodian banks attended the meeting.

The meeting noted that in the context of the current market situation, risk prevention was the top priority in the supervision of CISF portfolio investment. Consequently, in the upcoming period, each portfolio was required to: (1) strictly control credit risk, especially the risk of central SOE-affiliated companies in the high-credit risk industries and with low rating; (2) continually monitor the performance of basic supervision indicators and ensure that each indicator would comply with the requirements of CISFC; and (3) enhance communication with its investment manager and custodian to strengthen cooperation in the investment business while managing risks.