How many fund investment licenses are there?
On October 25th, 20 19/kloc-0, the first batch of five funds were approved, namely E Fund, Huaxia Fortune under southern fund and Huaxia Fund, Harvest Fortune under harvest fund and Huaxia Fortune under China Europe Fund, all of which are fund companies or their subsidiaries.
20 19, 12 fund investment is extended to third-party independent sales organizations, and three independent sales organizations, namely Ant Fund, An Teng Fund and Inmate Provident Fund, are eligible for investment.
In February 2020, banks and head brokers 10 institutions were approved for fund investment, including three banks, namely Industrial and Commercial Bank of China, China Merchants Bank and Ping An Bank, and seven securities companies, namely Guotai Junan Securities, Huatai Securities, Shenwan Hongyuan Securities, CITIC Jiantou Securities, CICC, Galaxy Securities and Guolian Securities.
On June 25th, 202 1, 15 institutions obtained the investment approval of the pilot fund. Including ICBC Credit Suisse Bank Fund, Bosera Fund, Guangfa Fund, China Merchants Fund, Xing Zheng Global Fund, Huitianfu Fund, Huaan Fund, Yin Hua Fund and Bank of Communications Schroeder Fund; And six brokers, namely Industrial Securities, China Merchants Securities, Guosen Securities, orient securities, CITIC Securities and Essence Securities.
On the evening of July 2nd, 17 institutions got the approval of the fund investment pilot. Including 7 fund companies such as Huatai Bairui Fund, Jing Shun Great Wall Fund, Minsheng Canada Fund, Guo Fu Fund, Shenwan Lingxin Fund, Wanjia Fund and Jianxin Fund, as well as 10 brokers such as Everbright Securities, Ping An Securities, Bank of China Securities, Shaanxi Securities, Dongxing Securities, Nanjing Securities, Zhongtai Securities, Huaan Securities, Guo Jin Securities and Oriental Fortune.
On July 9, the investment license of the fund was expanded again, and four institutions officially obtained the qualification filing letter of investment pilot, including two fund companies, Guohai Frank Fund and cathay pacific fund. And two securities companies, Huabao Securities and Huaxi Securities.
Fund investment business can reduce the transaction cost and holding cost of customers to a certain extent, so as to better realize the goal of asset appreciation. It is estimated that more and more financial institutions will carry out fund investment business in the future. For investors with weak investment ability, fund investment may be a good choice.