2065438+On March 16, 2005, China Securities Association issued the business rules for account management to securities companies and securities investment consulting companies (draft for comments), and planned to allow qualified securities companies and investment consulting companies to engage in investment consulting business according to law. The definition of account management business in the business rules refers to the institution that has obtained the qualification of securities investment consulting business and meets the requirements of the rules, accepts the entrustment of customers, conducts value analysis or investment judgment on the investment or transaction of securities, funds, futures and related financial products, and conducts account investment or transaction management on behalf of customers. Business rules explicitly mention a number of prohibited acts, including misappropriation of customer account assets; For the purpose of obtaining commissions or other benefits, using customer accounts to conduct unnecessary securities transactions; Mixing account management business with other businesses that may lead to conflicts of interest; Transactions between customer accounts and proprietary accounts, asset management accounts or between different customer accounts, with the purpose of transferring the gains or losses of customer accounts; Promise or guarantee that the principal of assets will not be lost or illegally obtained investment income. The relevant provisions of the Business Rules on account management are a major breakthrough. In view of the charging mode of account management business, the business rules also stipulate that the licensee should agree with the customer on the remuneration arrangement of account management services, including management fees and performance remuneration, in accordance with the principles of fairness, reasonableness and voluntariness. The Business Rules of Account Management (Draft for Comment) clarifies not only the information query of account management itself, but also the key to restrain investors from relying heavily on centralized shareholding through asset allocation. Through account management, guide investors to establish a sense of diversification and form an effective value investment system. Therefore, account management not only embodies the guidance of an investment concept, but also forms a risk control mechanism. Account collection not only includes funds, but also the cost-benefit evaluation system, service management ability standard and risk control mechanism of securities investment.