Public offering fund refers to a fund product set up by the securities investment fund manager (hereinafter referred to as the fund manager) for the purpose of diversifying risks, optimizing investment portfolio and improving capital return by raising funds from the public and investing in stocks, bonds, money market instruments or other securities. Public Offering of Fund is an important part of China's capital market, with a wide investor base and large capital scale. In order to protect the legitimate rights and interests of public investors and standardize the management and operation of Public Offering of Fund, the China Securities Regulatory Commission issued and constantly improved the relevant regulatory laws and regulations on fund offering, and industry organizations issued the Guidelines for Fund Offering, which provided institutional guarantee and market confidence for the development of Public Offering of Fund.

From the perspective of supervision, the Public Offering of Fund Code is decided and implemented by the CSRC, which is a rule that units and individuals must abide by when engaging in Public Offering of Fund's management and investment activities, and also a normative requirement of the CSRC for Public Offering of Fund's management and operation. The Law on Public Offering of Funds covers a wide range of issues, including fund raising, investment, asset evaluation, information disclosure and payment.

As the holders of publicly raised funds, individual investors should understand the relevant provisions of this Code and actively participate in investment, correctly understand risks and be able to take risks, and constantly improve their investment ability and risk identification ability. When choosing to invest in Public Offering of Fund, we should pay attention to the performance, risk rating, expense level, product features, fund manager team and other information of various funds, which can be learned through the fund company official website, internet financial media, investment consulting and other channels.

From the perspective of fund companies, respecting investors' rights and protecting investors' interests is an important direction for the implementation of Public Offering of Fund Code. A fund company shall standardize the raising behavior according to law, strictly implement the decision-making procedures for fund investment, and publicly disclose information such as fund assets, performance and investment risks in a timely, true and accurate manner to satisfy investors' right to know. In addition, fund companies should strengthen internal risk management and control, optimize the portfolio structure, and provide good services and consultation for securities investment fund managers and investors.

From the perspective of regulatory authorities, the purpose of Public Offering of Fund Regulation is to promote the healthy development of industries in Public Offering of Fund, and constantly improve the level of investor protection and market competitiveness. China Securities Regulatory Commission has continuously improved Public Offering of Fund's regulatory system and measures, strengthened investor education, publicity and services, promoted Public Offering of Fund's industries to continuously improve their professional level and service quality, guided the rational allocation of funds, and maintained market stability and capital market development.

In a word, the Code for Public Offering of Funds, as the basic document for public offering of fund industry, is of great significance for protecting investors, standardizing fund operation and promoting the development of public offering fund market. Public investors should understand the provisions of the Code, invest according to law, and improve their investment ability and risk awareness. Public Offering of Fund Company shall operate in accordance with relevant requirements and respect the legitimate rights and interests of investors. The regulatory authorities should strengthen supervision and services to guide the sustained and healthy development of Public Offering of Fund industries.