In March 2009, the CSRC issued the Guiding Opinions on the Management of Investment Managers of Fund Management Companies, which clearly pointed out that if the immediate family members of employees of fund companies buy or sell stocks, they should report their accounts and transactions to the company in a timely manner. The opinions issued by the regulatory authorities this time have a more detailed explanation of the filing and a handling mechanism. The opinion pointed out that fund management companies should make provisions on investment varieties, investment objects, investment time, entrustment methods and holding periods. For the trading of employees' relatives' stocks and their derivatives, in order to prevent conflicts of interest and limit short-term or speculative trading. In addition, employees' relatives can only open accounts in designated securities and futures companies and report them. Before buying and selling stocks and derivatives, they need to report to the company and review them before approving the sale.

If the relevant systems and procedures of the fund management company are not perfect, the CSRC will take corresponding administrative supervision measures against the company, chairman and general manager according to the circumstances.