The China Securities Regulatory Commission announced on October 9 that it is seeking public comments on the “Administrative Measures on the Operation of Publicly Raised Securities Investment Funds” and supporting rules. The draft for solicitation of comments supports the development of equity funds. It is proposed to reduce the establishment threshold for equity funds and fund products from 200 million yuan and a share of 200 million shares to 50 million yuan and 50 million shares respectively, while the threshold for establishing fixed income funds remains unchanged.

The China Securities Regulatory Commission announced on October 9 that it is seeking public comments on the “Administrative Measures on the Operation of Publicly Raised Securities Investment Funds” and supporting rules. The draft for solicitation of comments supports the development of equity funds. It is proposed to reduce the establishment threshold for equity funds and fund products from 200 million yuan and a share of 200 million shares to 50 million yuan and 50 million shares respectively, while the threshold for establishing fixed income funds remains unchanged.