国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Shenzhen may launch open-ended funds soon
By Xiao Min (China Daily)
Updated: 2004-08-18 09:36

The Shenzhen Stock Exchange has been approved by the China Securities Regulatory Commission to launch Listed Open-ended Funds (LOFs), the exchange announced yesterday.

A LOF is an open-ended fund that is listed and transacted on a stock exchange. According to the LOF business regulation of the Shenzhen exchange, which was also approved yesterday, the initiator of a LOF, or the fund manager, must obtain a listing approval from the stock exchange.

Then the fund can be issued through the trading system of the bourse and become listed. During the issue period, investors can subscribe to a LOF through a valid brokerage account in the same way as buying a closed-end fund. And they can trade the fund after it is listed.

A spokesman of Shenzhen Stock Exchange said yesterday that LOF is a major innovation for the fund industry and the exchange as well. It can apply the trading and clearing systems of the exchange to provide investors a new investing tool, with convenient subscription and trading access.

Meanwhile, LOF also offers fund management companies a new and economical platform to develop new fund products and gives brokerages fresh income resources.

It will also enhance information disclosure of open-ended funds.

Several fund management companies have already applied for licences to launch LOFs on the Shenzhen Stock Exchange.

Shenzhen-based Southern Fund Management is a pioneer in the sector. It has been working with the exchange to develop relevant rules and product designs and is a most promising candidate to bring in the first LOF for the Shenzhen Stock Exchange.

Close