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· Fund why also large purchase · long-term holds Shen million enterprising stability earned inventory over Niu Ji and Xiong Ji General Manager batch left public raised lost most debt base losses star Manager stock market lost hoof Fund positions plus reduction of secret a shares months fell 5.77% Fund preparing for June jiancang was forced flat warehouse number only structure of private May robbery Qiming: shocks city in the how mining Daniel unit supervision target further quantitative in recent years, Christian Democratic for Fund "carry a sedan chair", and "disk access" of suspected occurred from time to, as fund industry products line of rich, social for fair trade of requirements also in constantly improve. China Securities News reporter found, linked to trade, in the past required only "requirements for the Fund management company with trading price difference between the different combinations for analysis and control", and no quantitative requirements. The revised draft provisions for the first time: "during a certain period, management of portfolio trading the same securities at the same company (to deal) overall price difference should be zero.
"Industry sources said, this approach is mainly to prevent the use of combination with each other" carry a sedan chair ". Fund in China reflects, is strictly prohibited in the past of funds between different combinations of reverse transactions on the same day, and in the revised draft expressed as "between the different portfolio companies should strictly control the same day in a reverse transactions, strictly prohibit interest may lead to unfair trade and transportation of reverse transactions on the same day. Portfolio investment strategies or liquidity needs, reverse transactions on the same day, the company should request the relevant portfolio managers with decision making based on, and to retain records for future reference. "The expression to reverse transactions on the same day of the Fund, does that mean" investment strategy, and liquidity needs, such as "reverse transaction is allowed in the future on the same day? If so, have a greater intensity of the operations of the Fund "managed". The practitioners said, whether the future will really "restrictions", also depends on the company's internal rules. It is understood that since the problem involves the interests of sensitive conveying, the fund companies have more stringent regulations on this, even relaxed, the company also will be taken against such acts, "focus on" policy. And the revised draft also did quantify States that "if all portfolio during the reporting period involved in the exchange of public bidding, reverse transactions settlement less unilateral trade volume on the same day, more than 5% of the day on which the securities turnover, should indicate the number and causes of such transactions. "Difficult problems also need to clear some industry accepted regulatory difficulties, this draft has dealt with provisions such as" investment decision-making Committee and Director of investment management organizations and personnel shall not be such as to Portfolio Manager in the investment activity within the mandate of intervention. "A fund manager that has often fund company investment fund positions at the request of the Commission must be consolidated down to a certain level within a certain period of time," whether such a requirement violations in the future? Hope to have more detailed provisions. "In addition, the draft provisions" company shall establish a security system for portfolio management and investment information, significant private investment between different portfolio manager information should be isolated from each other. " And how to define a significant non-public information, the industry is hoping to have a more detailed definition.
