“险资举牌”的原因探究及建议.doc

PAGE  PAGE 7 金融学院 本科生课程论文(设计) “险资举牌”的原因探究及建议 评阅人签名：_________复核人签名：_________得分：________ 姓　　名学　　号专　　业金融学课程名称保险公司经营管理指导教师郭方 2016年12月22日  PAGE II 摘　要 保险资金（以下简称险资）进入资本市场是我国保险业发展的必然选择。我国保险行业迅速发展，保险资本大量积累，为保险公司入市寻求高额回报提供了基础。现阶段，监管政策的逐步放松、“偿二代”监管体系的建立以及低利率的市场环境为险资进入资本市场提供了契机。本文通过研究保险公司举牌资本市场在现阶段集中出现的原因，着重分析了险资举牌对资本市场、上市公司、保险行业未来发展和监管带来的影响。并给出合理化建议。 关键词：险资；举牌；资本市场；冲击影响。?MACROBUTTON NoMacro [Click and type abstract text here.] Abstract Insurance funds (hereinafter referred to as venture capital) into the capital market is an inevitable choice for the development of Chinas Insurance industry. The rapid development of Chinas insurance industry, a large number of insurance capital accumulation for the insurance companies to seek high returns on the market provides the basis for. At this stage, the gradual relaxation of regulatory policies, the establishment of the two generation regulatory system and the low interest rate market environment provide an opportunity for venture capital to enter the capital market. Based on the insurance company placards to capital market focus on stage, focuses on the analysis of venture capital placards on the capital market, listed companies, insurance industry and supervision by the impact of future development. Key Words: Venture capital; capital market; the impact of justice.  目　录  TOC \o 1-3 \h \z \u  HYPERLINK \l _Toc197223274 1 引言  PAGEREF _Toc197223274 \h 1  HYPERLINK \l _Toc197223275 2 险资举牌的原因 2  HYPERLINK \l _Toc197223276 2.1保费增速较快,投资渠道有限 2  HYPERLINK \l _Toc197223277 2.2保险资金运用监管政策从收紧到规范宽松 2  HYPERLINK \l _Toc197223278 2.3低利率的市场环境 2 2.4年末考核将至,提升偿付能力 3 2.5股市大幅波动成为险资举牌集中出现的直接诱因 3  HYPERLINK \l _Toc197223279 3 险资举牌的影响 4 3.1能够调动更多的市场热情 4  HYPERLINK \l _Toc197223280 3.2提高 A 股市场中机构投资者的份额 4 3.3满足实体经济融资的需求 HYPERLINK \l _Toc197223281  4  HYPERLINK \l _Toc197223283 4 险资的未来发展方向 5 4.1金融业务交叉持牌，混业时代或将到来 5 4.2险资可以与市场上最优秀的 PE 机构合作 5 4.3积极重视并参与股权市场 5 4.4更多地参与到资产证券化交易当中 5 5 结语 6  HYPERLINK