Chapter I General Rules

Article 1 In accordance with the Interim Provisions on the Management of Insurance Statistics and other related rules and regulations, the present Measures are formulated in order to intensify the statistical management of foreign currency businesses of insurance institutions and improve the quality and comparability of the statistical information about foreign currency businesses.

Article 2 The China Insurance Regulatory Commission (hereinafter referred to the CIRC) and its dispatched institutions shall carry out a currency-type-based statistical system for the foreign currency businesses of insurance institutions.

Article 3 The present Measures shall be applicable to such insurance institutions as insurance companies and insurance asset management companies.

Article 4 The present Measures shall only be applicable to the information of insurance statistics reported by insurance institutions to the CIRC and its dispatched Institutions.

Chapter II Foreign Currency Types for Statistics

Article 5 The currencies the CIRC and its dispatched institutions use in the statistics of foreign currency businesses of insurance institutions are as follow: the U.S. dollar (USD), euro (EUR), Japanese yen (YEN), Hong Kong dollar (HKD) and pound (GBP).

Article 6 An insurance institution shall report to the CIRC and its dispatched institutions the statistical information of foreign currencies as follows:

(1) The statistical information regarding the original currency of USD, EUR, YEN, HKD and GBP;

(2) The statistical information regarding all foreign currencies converted into USD; and

(3) The statistical information regarding all foreign currencies converted into renminbi (RMB).

Chapter III Converting Rates for Foreign Currency Statistics

Article 7 When reporting all the business statistical information regarding converting foreign currencies into USD, an insurance institution shall adopt the USD-based exchange rates for all types of currencies announced by the State Administration of Foreign Exchange each month.

When collecting statistics for any currency that the State Administration of Foreign Exchange does not announce the USD-based converting rate, an insurance institution shall adopt the USD-based exchange rate for this currency published by an overseas accepted financial market on the last day by the end of the reporting period.

Article 8 When reporting the statistical information for all businesses related to converting foreign currencies into RMB, an insurance institution shall adopt the central parity of RMB against foreign currencies reported by the People' Bank of China on the last day by the end of the reporting period.

When collecting statistics for any foreign currency that the People' Bank of China does not announce the RMB-based exchange rate, an insurance institution shall convert it into USD, that is to say, it shall first convert it into USD in accordance with the method prescribed in Article 7, then convert it into RMB in accordance with the central parity of RMB against USD reported by the People' Bank of China on the last day by the end of reporting period.

Article 9 When reporting any financial statistical information regarding converting foreign currencies into RMB, an insurance institution shall make the exchange rate translation in accordance with the Accounting Standards for Enterprises No.19-Translation of Foreign Currencies and the related provisions of its Application Guide, and ensure that the data reported shall be in consistence with the data in the financial statements of the company.

Article 10 A converting rate shall be at least four-digit decimal figures (round).

Chapter IV Supplementary Provisions

Article 11 The CIRC shall be responsible for the interpretation of the present Measures.

Article 12 The present Measures shall go into effect as of January 1, 2007.

(Not the official translation. Source: www.fdi.gov.cn)