In different countries, the names of investment funds are different. Britain and China call it "unit trust and investment fund"; The United States is called "mutual fund", and Japan and Taiwan Province Province of China are called "securities investment trust funds". These different appellations are not much different in connotation and operation. Investment funds have long been an important means of financing and investment in western countries, and have been further developed in contemporary times. Since the 1960s, some developing countries have actively followed suit, and more and more used investment funds to absorb domestic and foreign funds and promote their own economic development.
1997165438+1October 14, China promulgated the Interim Measures for the Administration of Securities Investment Funds; On June 1 2004, the Securities Investment Fund Law was promulgated. Based on these two laws, fund owners in China can be divided into three stages, namely, the early exploration stage (1970s-1997165438+1October), the pilot development stage (1997-June 2004) and the rapid development stage (.
This not only supports China's economic construction and reform and opening up, but also provides investors with a new financial investment option, which enlivens the financial market, enriches its content and promotes its development and perfection.