On August 21, the financial regulatory authority issued the Measures for the Management of Asset-Liability Management by Insurance Companies. The new rules stipulate that insurance firms must establish or designate a dedicated department for asset-liability management, allocating the necessary human and material resources to fulfill these duties. This department's operations must maintain full independence, free from any interference by the insurance business or investment divisions.

The asset-liability management department is required to undertake the following responsibilities: first, drafting internal policies related to asset-liability management; second, formulating and coordinating the implementation of asset-liability management protocols and procedures; third, developing or participating in the development of risk tolerance thresholds and risk limits for asset-liability management, tracking and monitoring the asset-liability matching status, and researching issues and solutions within this domain; fourth, contributing to or participating in the formulation of the company's business planning, capital planning, asset allocation policies, and liquidity risk management policies, while providing professional opinions on significant investments and products that could materially impact the asset-liability matching position, thereby offering decision-making support to senior management; fifth, coordinating the development of asset-liability management information systems (or modeling tools); sixth, coordinating the implementation of performance appraisals for asset-liability management; and seventh, executing other related duties as assigned.