Sponsored funds have lowered the threshold for raising funds and strengthened the fund withdrawal mechanism, that is, sponsored funds need to be stipulated in the fund contract. Three years after the fund contract comes into effect, if the fund assets are less than 200 million yuan, the fund contract will be automatically terminated, and it may not be extended by holding a holders' meeting.

In the application documents for raising sponsored funds, fund companies need to submit letters of commitment issued by sponsors, such as shareholders, companies, senior managers and fund managers, explaining the share they promised to buy and the lock-up period. The name of the fund shall be marked with "×× sponsored fund", and the changes in the share, term and period of the fund held by the sponsored fund shall be disclosed in the effective announcement of the fund contract and the periodic report of the fund.

Executives or fund managers who leave their posts during the lock-up period cannot redeem the initial shares in advance. On June 20th, the CSRC issued the Decision on Amending Articles 6 and 12 to Reserve Space for Sponsored Funds.