Friday, June 24, 2011

Fund acce30 to third party sales conditions relaxed

Shenzhen Special Zone daily news (reporter Wang Xin) released yesterday by the China Securities Regulatory Commission of the measures for administration of securities investment fund sales (revised version), and will be implemented from October 1 this year.
The way to relax the entry qualifications of Fund sales institutions, third-party channels, major domestic portals field of forces is expected to enter the Fund sales, fund distribution channels now alone against the changes in the pattern of the Bank. Revised adjusted the sales conditions of access to professional bodies of the Fund, will form a relaxation as a form of limited liability companies or partnerships; investor relaxed to have funds, securities or other financial professional individual contributors of related work experience; will have the minimum qualifications of personnel of the Fund from 30 people relaxed to 10 people. Recommended reading · fengji Forum investment real disc week summary
· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends under SFC previously announced of sought views, allows meet professional qualification of personal founded Fund sales institutions, registered capital from 20 million Xia drops to 5 million.
But the new approach eventually into a "registered capital or capital of not less than 20 million RMB". It is understood that, as a third-party sales organizations of the Fund, in addition to regulations allow, you also need third-party payment of licence issued by the Central Bank and the sale of securities issued by a third party licence. 27 third party payment enterprises access to Central Bank last month issued a licence, many enterprises are interested in positive sales licence applicants to third parties. After Fund Ministry said Hong Lei, Deputy Director of the SFC, issued to third-party sales licence is based on sales management of the Fund was formally promulgated. As the way in yesterday's introduction of funds issued official third-party sales licence has apparently cleared the last obstacle.
Currently, the payment of enterprises, including PayPal and caifutong, as an important area of business development for the future Fund sales.
The industry believes that this approach encourages third-party payment institutions compete with the gradual formation of the banking system, better able to increase sales and service, 100-200 may occur within the next two or three years professional sales organization, to fund a third-party sales into the "warring". End page to join the body