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China Fund Industry Events 1997-2004

November 14, 1997, approval of the State Council promulgated the “securities investment fund management these procedures.”

December 12, 1997. The China Securities Regulatory Commission issued “on the application to set up fund management companies, the issue of notice,” “On applications for the establishment of the Securities Investment Fund of the question,” which provides for the establishment of fund management companies, Securities Investment Fund procedures, declarations of the contents and format.

February 24, 1998, the Industrial and Commercial Bank of China as the first securities investment fund custodian bank, set up a fund management.

In March 1998, Cathay Pacific, the South Fund Management Company, which is the establishment of the first batch of fund management companies. China closed the first securities investment fund is set up with were Jintai Fund and Kaiyuan Fund.

In September 1998, the SFC supervision of the Fund was formally established under the comprehensive, audit, a regulatory and supervisory two. The Ministry in October 1997 to start operating.

March 30, 1999, the NPC Financial and Economic Committee was held in the Great Hall of the People Act Drafting Group inaugural meeting. Fund has been listed in the NPC Standing Committee’s legislative plan.

August 27, 1999. People’s Bank of China, China Securities Regulatory Commission forward “fund management companies to enter the interbank market management regulations.” The same year, the 10 fund management companies are allowed to enter the inter-bank market.

December 29, 1999, the SFC issued “securities investment fund industry convention.”

June 18, 2000, the China Securities Regulatory Commission to hold the first fund of qualification examinations.

April 24, 2001, the Ministry of Finance, the State Administration of Taxation jointly issued a circular, provides for investors to buy the China Securities Regulatory Commission approved the establishment of the Securities Investment Fund closed to waive stamp duty and tax on fund managers resumption of business taxes.

June 15, 2001, the China Securities Regulatory Commission issued “on the application to set up fund management companies, a number of issues the notice,” introduced a system of good people raised their hands. Since then, the launch of fund management companies to expand the scope of the applicant.

August 28, 2001, China Securities Association, the establishment of the Fund Association.

September 21, 2001, China’s first open-end fund only —— Huaan Innovation Fund established initial size of about five billion units in the fund.

In October 2001, “open-end securities investment fund pilot approach” promulgated making securities investment fund management basic framework has been further improved.

December 22, 2001, the China Securities Regulatory Commission announced the “offshore institutions buy shares take part in the establishment of fund management companies provisional “(Draft). Sino-foreign cooperative fund management companies to enter the substantive phase of the launch.

June 1, 2002, China Securities Regulatory Commission promulgated the “foreign equity participation fund management companies to establish rules,” The rules since July 1, 2002 onwards.

August 23, 2002. During the drafting of three years, the Securities Investment Fund Law first draft submitted to the National People’s Congress Standing Committee.

October 16, 2002, the Guoan fund management company has become the first Sino-foreign joint venture fund allowed to lead the company.

November 27, 2002. China Securities Clearing Corporation issued “an open-end fund settlement provision Interim Measures” “Open-end fund clearing margin management of these procedures.”

December 3, 2002, China Securities Regulatory Commission promulgated the “securities investment fund management company’s internal control guidance.”

December 9, 2002, China Securities Association, securities investment fund industry in the establishment of the Commission in Shenzhen.

December 19, 2002, the South, Boshi, Huaxia, Peng Hua, Changsheng and Jiashi and other six fund companies, by the National Social Security Fund Council, the first batch selected for the social security fund management companies eligible for the fund.

March 3, 2003. Finally cleared by an old fund set up fund management companies —— Jutian Fund Management Ltd. approved business.

April 28, 2003, the first Sino-foreign joint venture only by the fund management company to manage the fund. China is only the first series —— China Merchants Antai Fund series establishment of the Fund.

June 23, 2003. The NPC Law Committee to the Standing Committee of the 10th session of the third meeting of the Securities Investment Fund Law of the two reviewers.

September 22, 2003, “People’s Daily” published Shang Fulin, chairman of China Securities Regulatory Commission signed article : “vigorous development of the securities investment fund market development backbone.”

October 23, 2003. NPC Law Committee, the Standing Committee of the 5th to the 10th meeting of the Securities Investment Fund Law of the three reviewers. October 28, 2003, the tenth meeting of the Standing Committee of the fifth with a total of 146 votes in favor, one against, 1 abstentions, the vote passage of the Securities Investment Fund Law. At this point, which lasted nearly four years, the securities investment fund development work has been successful.

In March 2004, Haifutong growth and the CITIC Classic Allocation Fund size of the first episode both more than 10 billion copies. China’s Securities Investment Fund, the first super-size 200 billion copies.

June 1, 2004, “The People’s Republic of China Securities Investment Fund Law” official purposes.

Copyright Fund China 2009.

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