The China Securities Association revised and issued the “Rules for the Administration of Offline Investors in Public Real Estate Investment Trust Funds” on December 31, which were officially implemented on the date of promulgation. The main revisions to the rules include adapting the name of the rules, and expanding the scope of application of the rules from real estate investment trusts in the infrastructure sector to commercial real estate investment trusts. Standardize the practice of fund managers and financial advisors, make it clear that fund managers and financial advisors should carry out their duties, be diligent and conscientious, and do a good job of verifying and monitoring the offline inquiry and subscription business of real estate funds.

The China Securities Association revised and issued the “Rules for the Administration of Offline Investors in Public Real Estate Investment Trust Funds” on December 31, which were officially implemented on the date of promulgation. The main revisions to the rules include adapting the name of the rules, and expanding the scope of application of the rules from real estate investment trusts in the infrastructure sector to commercial real estate investment trusts. Standardize the practice of fund managers and financial advisors, make it clear that fund managers and financial advisors should carry out their duties, be diligent and conscientious, and do a good job of verifying and monitoring the offline inquiry and subscription business of real estate funds.