GUANGZHOU (Fund China) – We can say that the three key words “Growth, innovation and development” have condensed the 10-year history of the fund industry, which is 10 years rain from difficult business to glorious today, from closed to open glorious.

In this decade, the fund regulations and industry supervision are more and more perfect. Ten years ago, the fund industry is new legislate, there is only a industry regulation named “Interim Procedures for the securities investment fund management”. And today after ten years, there are “Securities Act”,”Fund Law” and dozens of laws, regulations, rules and regulations to regulate the whole fund industry’s development.

In this decade, Fund investment products and scope are becoming rich. Fund products change from 10 years ago thriving closed-end funds to today open-end funds, innovative closed-end funds, LOF, ETF, and so on; scope of funds investment change from the mainland securities market single to sea QDII fund coverage to Hong Kong, the Asia-Pacific region and global markets.

In this decade, Fund management companies set up from the beginning of the same color inner funded companies to today the joint funded companies and inner companies go hand in hand. Industry professionals also appears to international characteristics.

Recall the history of ten years, I deeply feel that the opening up and innovation is the driving force and the purpose in life in the development of the fund industry. Not open and innovative, there will be no fund industry growth, there will be no development of the fund industry.

Copyright Fund China 2009.

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