The prevention and control of the risk of illegal fund-raising will be incorporated into the overall risk management system and so on.

Each unit should strengthen the organizational leadership of the work of preventing and disposing of illegal fund-raising. To set up a special leading group for the prevention and disposal of illegal fund-raising, clear work objectives, work responsibilities and work processes, the main person in charge should personally serve as the leader of the group, and designate a person specifically responsible for this work. Each insurance organization shall incorporate the prevention and control of illegal fund-raising risks into its overall risk management system, and formulate a risk management system for illegal fund-raising that is appropriate to the type, scale and nature of its business.

All insurance institutions shall strengthen the monitoring and early warning of the risk of illegal fund-raising. A systematic risk monitoring and early warning mechanism should be established, including fund monitoring, public opinion monitoring, complaint monitoring, and personnel traffic monitoring; innovative risk monitoring and early warning methods should be adopted, and information technology means such as the Internet and big data should be used proactively to strengthen the identification of and early warning on the risk of illegal fund-raising.

Extended information:

Related requirements for preventing and combating illegal fund-raising:

1、Regularly carry out regular risk screening for key issues, key organizations and key personnel. For dominant cases, the focus of the investigation of the company's documents and seals management, management personnel and sales staff personal borrowing and capital transactions.

2. For participation-type cases, the focus is on investigating the part-time work of executives and salespeople of grass-roots organizations and the sale of third-party financial products; for exploitation-type cases, the focus is on investigating the company's underwriting and inspection of bids, policy approvals, and the use of the company's name by external organizations to promote false propaganda.

3. All insurance organizations should effectively strengthen the management of practitioners and business premises. Through positive publicity and warning education, employees should be mobilized to consciously prevent risks; an internal reporting reward system should be set up to strengthen positive incentives; and workplace management should be strengthened to prevent the breeding of risks.

State Council - CIRC Issues Circular on Further Improving the Prevention and Disposal of Illegal Fund Raising in Insurance Industry