GUANGZHOU (Fund China) - The future, the Chinese fund investors open accounts, it will be filled out by the Fund provided by the sale of the survey questionnaire, the contents of the questionnaires will involve the investment objectives, investment period, investment experience, financial situation, risk tolerance level of short-term and long-term risk tolerance level, and so on. Sales agencies will be based on the findings to determine the risk tolerance of investors level, and recommend appropriate levels of risk fund products.

When investors buy higher than their level of risk tolerance of the product, the sales organization will be a reminder, in the fully informed and voluntary circumstances, the purchase of products.

The China Securities Regulatory Commission yesterday released the “applicability of securities investment funds sales guidance,” and specified the order. “Opinions” the release marked “applicability” mature market sales outside the basic principle of China was officially introduced.

“Applicability”, the United States Securities and Exchange Commission defined as: “When the broker recommends that customers trading in securities, it shall have the prior understanding of the customer’s risk tolerance, holders of other securities assets, financial status (income and net assets), financial needs and investment objectives, it recommendations applicable to the customer. ”

At present, China’s banking financial products sales process, the Bank of China branch in its coastal areas in the “financial product sales applicability of the” pilot, asked its customers to buy financial products receive preference testing business risks related wishes and signed the statement.

The person said that the fund industry in China applicability guidance on the promotion already have a very good opportunity to wipe out the fund blindly buy funds and fund sales organization “mistakenly sold” fund, due to lower product mismatch caused complaints risk fund investors will play a long-term role . At the same time, fund investors in completing the questionnaires, in the course of answering questions, the situation will be straightened out on its own and to examine the help it establish risk awareness and select suitable for their own products, a rational investment.

Reportedly, the applicability of the sales, the China Securities Regulatory Commission, commercial banks are some of the eight city branch of inspections, focus on the implementation of the survey and risks, product matching degree. Next, the Commission will also promote the development of related evaluation criteria to help fund companies to gradually make “suitable fund products will be sold to a suitable investor.”

Copyright Fund China 2008.

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