Zhang Xiaojun introduced that the Securities Investment Fund Law, which was revised at the end of last year, further lowered the entry threshold for fund management companies, cancelled the administrative examination and approval for changing shareholders holding less than 5% of shares, and reserved space for fund management companies to go public. At the same time, strengthen the internal governance of fund management companies, allow professionals to hold shares, and strengthen the incentive and restraint mechanism.
The regulatory authorities have recently shown encouragement and support for the listing of fund companies. The relevant person in charge of the CSRC pointed out that they support the listing of qualified wealth management institutions including fund companies. When the CSRC issued the "Administrative Measures for Fund Managers of Public Offering of Securities Investment Funds" and its supporting rules for comments, it once again stated that it would actively encourage fund companies to go public.
Specifically, the new "Fund Law" and "Measures for the Administration of Fund Managers" have basically enabled fund companies to have the conditions and foundation for listing. The new Fund Law explicitly allows fund management companies to adopt joint-stock system, and cancels the administrative examination and approval of shareholders holding less than 5%, leaving room for fund management companies to go public.