This document discusses the risks associated with Chinese insurance companies' use of investment funds and strategies for managing those risks. It first defines key concepts like insurance, insurance companies, and insurance funds. It then examines the various risks of enterprise, market, interest rate, price, and liquidity risks that can arise. Finally, it proposes risk management strategies for insurance companies like establishing clear organizational roles, strict internal controls, management information systems, and risk assessment/warning systems to help control risks and maximize returns from investing insurance funds.