Interpretation of the "Fund Law"

Author: Zhu Shaoping, Editor-in-Chief
Publisher:
Publish Date: 2004-01-01
Features: The "Fund Law" summarizes more than ten years of experience in the development of China's fund industry. It comprehensively regulates the nature and status of investment funds, fund assets, fund managers and custodians, fund offerings, the trading of shares in closed-end funds, the subscription and redemption of shares in open-end funds, investment operations and information disclosure of funds, changes, termination, and asset liquidation of fund contracts, the rights of fund shareholders and shareholders' meetings, and legal liabilities. It can be believed that the promulgation of the "Fund Law" will play a significant role in enhancing public understanding of funds, promoting the development of institutional investors and even the securities market in China.