In the early 1990s, the establishment of Zhuxin Fund marked the beginning of China Investment Fund (the embryonic form of closed-end fund). Later
In the early 1990s, the establishment of Zhuxin Fund marked the beginning of China Investment Fund (the embryonic form of closed-end fund). Later, Tianji, Lantian, Zibo and other investment funds were listed on the Shenzhen and Shanghai stock exchanges as the first batch of funds, marking the birth of China's national investment fund market.