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China Securities Regulator Proposes Revised Rules for Public Funds, Supporting Equity Funds
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On October 9, the China Securities Regulatory Commission (CSRC) released a draft revision of the 'Publicly Offered Securities Investment Fund Operation Management Measures' and related rules for public consultation. The proposed amendments focus on three key areas: first, strengthening fund investment operation supervision and clarifying fund manager responsibilities to address existing issues; second, supporting the development of equity-oriented funds by improving their investment operation arrangements, creating space for product innovation, and facilitating the introduction of more medium- to long-term capital; third, optimizing certain regulatory indicators and mechanisms to increase fund operation flexibility. The CSRC is seeking public feedback on the draft rules, which aim to enhance the regulatory framework for China's mutual fund industry.
Source report
October 9 — The China Securities Regulatory Commission (CSRC) has issued a public consultation on the Proposed Measures for the Administration of the Operation of Publicly Offered Securities Investment Funds (Draft for Comments) and related supporting rules.
The key revisions in the proposed rules include:
- Problem-oriented approach: Strengthening regulatory requirements for fund investment operations and reinforcing the responsibilities of fund managers.
- Supporting equity-oriented funds: Improving the investment and operational arrangements for equity-focused funds, providing room for product innovation, and facilitating the introduction of more medium- to long-term capital.
- Optimizing regulatory indicators and mechanisms: Enhancing certain regulatory metrics and mechanisms to increase the flexibility of fund operations.
Source
domesticEastern
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