Research on the Regulatory System of Investment Fund Laws and Regulations

Author: China Securities Association Asset Management Association
Publisher:
Publish Date: 2002-07-01
Features: The establishment and improvement of the fund industry's regulatory system is a fundamental task for the development of the fund industry. In 1997, China promulgated the "Interim Measures for the Administration of Fund Management," which played a significant role in the rapid and healthy development of the fund industry. However, after several years of practice, the "Interim Measures for the Administration of Fund Management" has become inadequate for the development of the fund industry and has a considerable gap compared to the regulations of mature markets. It is urgently needed for relevant parties to revise and improve it. There are still many legal gaps in the fund industry, and it is necessary to promptly formulate relevant laws and regulations. With China's entry into the WTO, improving the regulatory system for fund management has become even more urgent. However, the fund industry is highly specialized and very complex, requiring the active participation of industry insiders in fund legislation. The fund industry started relatively late, and fund legislation involves the interests of various parties, requiring consensus among multiple stakeholders. Therefore, it also demands that industry insiders and other parties invest considerable effort in researching fund-related legal and regulatory issues.