Upon approval by the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) has recently released the “SSE Guidance for Business Management on Split-capital Funds” (the “Guidance” for short). As a major system arrangement for ensuring sound operation of the fund market, the “Guidance”, with the ideas of “let the buyers beware” and “let the sellers perform their duties”, specifies the investor suitability arrangement of the split-capital funds’ secondary market, the requirements for investors to sign “Risk Disclosure Statement of Investment in Split-capital Funds”, and the risk alert arrangement for fund mangers and securities companies.
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