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199 1, that is, in the era when China CITIC Construction Investment Co., Ltd. just started, the fund industry in China also quietly rose.
199 1 year 1 month "Wuhan Securities Investment Fund" and "Shenzhen Nanshan Venture Capital Fund" were approved by Wuhan Branch of China People's Bank and Shenzhen Nanshan District Government respectively, becoming the first batch of investment funds.
During the period of 1992, 37 investment funds were issued with the approval of the people's banks at all levels or other institutions. Among them, "Zibo Township Enterprise Investment Fund" was approved by the head office of the People's Bank of China and listed on the Shanghai Stock Exchange on August 1993, becoming the first listed investment fund.