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China Securities Regulatory Commission Seeks Public Comment on Revised Rules for Public Fund Operations, First Systemic Overhaul Since 2014
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On October 9, the China Securities Regulatory Commission (CSRC) released a revised draft of the Publicly Offered Securities Investment Fund Operation Management Measures and supporting rules for public comment. This marks the first systematic revision since the current measures were issued in 2014. Industry insiders stated that the revision emphasizes developing equity products, broadening public fund innovation space, improving fund governance efficiency, and strengthening investor priority, serving as a key institutional arrangement for implementing the Action Plan for Promoting High-Quality Development of Public Funds. Interviewed fund companies expressed their commitment to using this opportunity to integrate an investor-centric approach into investment management, product operations, and customer service, jointly promoting high-quality development of the public fund industry and contributing to the stable and long-term growth of the capital market.
Source report
On October 9, the China Securities Regulatory Commission (CSRC) opened public consultation on the newly revised Administrative Measures for the Operation of Publicly Offered Securities Investment Funds (Draft for Comment) and its supporting rules. This marks the first systematic revision of the current operation measures since they were issued in 2014.
Industry insiders noted that the revision highlights several priorities:
- Developing equity-type products
- Broadening space for public fund innovation
- Improving fund governance efficiency
- Strengthening the principle of prioritizing investor interests
They described the revision as a key institutional arrangement for implementing the Action Plan for Promoting the High-Quality Development of Publicly Offered Funds.
Fund companies interviewed expressed their intention to seize this opportunity to embed the "investor-first" principle throughout investment management, product operations, customer service, and other areas, jointly advancing the high-quality development of the public fund industry and contributing to the steady and long-term progress of the capital market.
(Source: Shanghai Securities News)
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domesticNeutral / independent
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