As a new financing channel for overseas investment by insurance companies and other enterprises in recent years, the liquidity, high leverage and refinancing risks of overseas loan under domestic guarantee are arousing the attention of regulatory authorities in China. China Insurance Regulatory Commission (CIRC) issued a circular jointly with the State Administration of Foreign Exchange (SAFE), clarifying the qualifications of insurance institutions in carrying out the overseas loan under domestic guarantee; this is also to clarify the proportion and the purpose of financing. In addition, this is explicit prohibition. Related projects and their underlying assets should not violate the state's macro-control policies, industrial policies and overseas investment policies.