Recently, the central bank issued the Guiding Opinions on Regulating the Asset Management Business of Financial Institutions, and the transition period was extended to the end of 202 1.

However, according to the actual standardization progress and risk status, the standardization and rectification of public bond funds and public graded funds will not be postponed. The supervision of public bond funds mainly involves the arrangement of contract changes. At present, most of them have been standardized and rectified, and the rest will continue to be standardized before the end of 2020 in accordance with the requirements of the Notice on Regulating Financing Bond Fund Business. Public graded funds will also continue to complete standardized rectification before the end of 2020.

The transition period is unchanged, and the period is less than five months. Since the beginning of this year, many fund companies have accelerated the pace of transformation or liquidation of their graded funds.