Issues Relevant to Securities Companies' Engaging in Collective Entrusted Investment Management Business Circular

关于证券公司从事集合性受托投资管理业务有关问题的通知

A circular, issued by the Department of Intermediary Supervision of the China Securities Regulatory Commission, on securities companies which have developed new businesses in the new area of collective entrusted investment management to safeguard the proper order of the securities market and investors.

(Issued by the Department of Intermediary Supervision of the China Securities Regulatory Commission on April 29 2003.)

(证监会机构监管部于二零零三年四月二十九日下发。)

To all securities companies:

各证券公司：

Recently some securities companies have been developing new businesses, and especially have done research on the new area of entrusted investment management. A small number are cooperating with commercial banks to raise funds from specified or unspecified investors, draw up a collective investment plan, and develop collective entrusted investment management. In order to strengthen the regulation of such business by securities companies, to safeguard the proper order of the securities market, and to protect the lawful rights and interests of investors in securities, you are now being notified of the following:

近一时期，部分证券公司开展了对业务创新特别是受托投资管理业务创新的研究，少数证券公司还与商业银行合作，向特定或不特定的投资者募集资金，设立集合投资计划，开展了集合性受托投资管理业务。为加强对证券公司从事的集合性受托投资管理业务的监督管理，维护证券市场的正常秩序，保护证券投资者的合法权益，现就有关问题通知如下：

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