1. Individuals and general institutional investors shall meet the following requirements when applying to a securities company for the subscription right to open the sub-shares and basic shares of a graded fund:
(1) It meets the requirements stipulated in the Guidelines: the average daily securities assets in the 20 trading days before the application for opening authority are not less than RMB300,000, and there is no circumstance that laws, administrative regulations, departmental rules, normative documents and business rules prohibit or restrict participation in the trading of graded funds.
(2) Comprehensive evaluation of securities companies: securities companies should know the identity, property and income status, securities investment knowledge and experience, risk preference, investment objectives and other information of investors. , check whether investors meet the conditions stipulated in the Guidelines, comprehensively evaluate their risk perception and tolerance, and introduce the product characteristics of graded funds in detail to qualified investors who have passed the evaluation and fully reveal the risks related to graded funds.
(3) Signing a written risk disclosure statement: For investors who meet the requirements stipulated in the Guidelines and sign a written risk disclosure statement on the investment of graded funds in the business department, the securities company may open relevant authority for graded funds.
Investors should note that there is a transition period of about 5 months from the release of the Guidelines to their formal implementation. According to the regulations, securities companies should complete relevant business and technical preparations before February 25th, 2065438+2007, and then they can open the relevant authority of graded funds for qualified investors. Some securities companies may complete relevant business and technical preparations in advance. Investors should pay attention to the relevant notices, announcements and other information issued by securities companies and know the specific time when they will open their rights and interests to investors.
2. Do professional institutional investors need to apply for opening permission?
Professional institutional investors do not need to apply for the relevant authority of graded funds, and securities companies can directly open them. Professional institutional investors include the following three categories:
(1) Securities companies, futures companies, fund management companies and their subsidiaries, insurance institutions, trust companies, finance companies, private fund managers, qualified foreign institutional investors and other professional institutions and their branches;
(2) Social security funds, pension funds, enterprise annuities, trust plans, asset management plans, banks and insurance wealth management products managed by the professional institutions listed in the first paragraph or entrusted investment assets;
(3) regulatory agencies and other professional institutional investors designated by this Exchange.
Investors participating in classified fund-related businesses shall follow the principle of buyer's own responsibility and prudently decide whether to participate in classified fund transactions and related businesses according to their own risk tolerance. Investors should carefully read the relevant laws and regulations, business rules, fund contracts, prospectus and other documents before participating in the classified fund-related business, understand the unique rules of the classified fund, the classified fund products they invest in and their own risk tolerance, judge the investment value of the fund independently, make investment decisions independently and bear investment risks independently.