Securities Association of China, Several Opinions on Further Promoting Innovative Development by Securities Business Firms (Draft for Comments)

中国证券业协会关于进一步推进证券经营机构创新发展的若干意见(征求意见稿)

May 13, 2014 | BY

CLP Temp &clp articles &

Issued: March 24 2014Main contents: The Draft proposes for the first time the establishment of a negative list for securities business firms and the…

Promulgated: 2014-03-24

Issued: March 24 2014

Main contents: The Draft proposes for the first time the establishment of a negative list for securities business firms and the gradual realisation of the concept of “whatever is not prohibited by law is fine”. It supports crossover applications for business licences by securities companies, fund companies, futures companies and investment consulting companies and actively promotes the application by private fund managers for public fund management licences. The Draft also supports the entrustment of the investment and operation of social insurance, pension funds, enterprise pension funds and other such long-term funds to professional firms or the establishment of professional securities business firms therefor.

issued:2014-03-24

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