At the sixth of China Financial Forum which held in Beijing, Zhou Yanli, the Vice-Chairman of CIRC said that as the state-owned commercial banks and part of joint-stock banks have put forward requires to set up insurance companies, the CIRC will give positive attention and serious study and consideration. On the same day of the forum, Vice-Chairman of CBRC Tang Shuangning also pointed out that the CBRC and CIRC have held a top-level meeting on how to strengthen cooperation and promote the development of the Bank and Insurance cooperation, the two supervision authorities are actively support strengthen cooperation for Banks and Insurance in capital. Since this year, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications, the five banks have put forward intention of setting up insurance companies.

"Further strengthen the comprehensive management, improve risk management and control, strengthen the cooperation between the three supervision authorities of banking, securities and insurance is new request that we are facing to." Zhou Yanli Said. He expressed that the insurance industry will be actively involved in the financial integrated operation to achieve the coordinated development between insurance market, currency market and capital market. The first is the promotion of deep development between Bank and Insurance. On the basis of bank work as an agent for insurance products, it should be actively explore the level of cooperation in equity. Secondly, it should gradual expansion investment on capital market. At present, insurance agency has become the second largest institutional investors of bond market and important investors in stock market. Thirdly, make steady progress for group development model with the specialization base. China has seven insurance Group Corp. and holding companies up to now. Zhou Yanli believed that the commercial insurance should play a greater role. The accumulation of insurance funds is 6 times of the Social Security Funds. Social security funds are now more than 260 billion Yuan, and the end of this year the relative commercial insurance amounts will approach 2000 billion yuan.