Application → raising → investment management (opening positions, transferring positions, information disclosure, income distribution and expense payment).
To set up a new fund, the fund company first needs to apply to the CSRC (application period). After the application is approved, the fund company needs to sell the fund shares to investors through sales channels (raising period). If the raised funds fail to meet the minimum standards required by the CSRC and the fund cannot be established, the fund company will return the funds to the investors and pay interest.
If sufficient funds are raised, the fund will be announced to be established and enter a closed period (subscription and redemption are not allowed), and the fund will complete the investment of fund assets at this time (opening period). After the completion of the opening of the position, the fund will be purchased and redeemed. At this time, investors can purchase funds through fund companies or fund agencies (such as Tian Tian Fund Network).
Application for offering: The launching of the fund shall be approved by China Securities Regulatory Commission, and a series of legal documents shall be submitted to China Securities Regulatory Commission, including application report, draft fund contract, draft fund custody agreement, draft fund prospectus and relevant supporting documents.
Fund raising: After the China Securities Regulatory Commission approves the fund raising application, the fund management company sells the fund to investors through its own sales channels, or entrusts a qualified institution to sell the fund.
Investment management: Investment management is the most important link in fund management and operation, which determines the fund's operating performance.
1, opening positions: After the newly issued fund is raised, there will be a opening period, that is, allocation of investment stocks and bonds. The specific length of time to open a position is determined by the fund company after comprehensive consideration of various factors.
2. Information disclosure of the Fund: In order to ensure that investors can access relevant information according to the time and manner stipulated in the fund contract, the Fund shall publicly disclose relevant information, such as fund prospectus, fund contract and custody agreement; Parenting situation; Net fund value; Fund subscription and redemption price, etc. And release quarterly reports, semi-annual reports and annual reports. Relevant information also includes opinions issued by accounting firms and law firms.