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Innovative content of innovative closed-end funds

Innovative content of innovative closed-end funds

First, improve the fund governance structure and clearly stipulate the time for the holders’ meeting to ensure that the holders’ meeting can exercise the rights granted by the Fund Law.

Second, innovative closed-end funds are likely to moderately relax investment restrictions and expand the selection of investment targets.

Third, restrictions on investment proportions are moderately relaxed.

Fourth, it can be designed into a "half-closed, half-open" or other innovative trading model to reduce the discount rate and improve its liquidity through regular and moderate opening.

Fifth, shorten the duration.

Sixth, reduce fixed rates and increase performance rewards to urge managers to be diligent and perform their duties.