China Banking and Insurance Regulatory Commission: Insurance companies should implement long-term assessment and evaluation to prevent relaxation of asset-liability management due to excessive pursuit of business expansion and short-term profits.

The China Banking and Insurance Regulatory Commission has formulated the "Asset-Liability Management Measures for Insurance Companies" and is now officially soliciting public opinions. Insurance companies should establish an asset-liability management department, equipped with the manpower and resources needed to fulfill their asset-liability management responsibilities. The department should maintain independence and not be interfered with by the insurance business or investment management departments. Insurance companies should clarify the performance evaluation department for asset-liability management, standardize the transmission mechanism and limit management of asset-liability matching indicators, specify evaluation methods and standards, implement long-term performance evaluations, and prevent relaxation of asset-liability management due to excessive pursuit of business expansion and short-term profits.