Article 1 In order to regulate the proper management of securities and futures investors and safeguard the legitimate rights and interests of investors, these Measures are formulated in accordance with the Securities Law, the Securities Investment Fund Law, the Regulations on the Supervision and Administration of Securities Companies, the Regulations on the Administration of Futures Trading and other relevant laws and administrative regulations. Article 2 These Measures shall apply to selling publicly or privately issued securities, publicly or privately issued securities investment funds, equity investment funds (including venture capital funds, hereinafter referred to as funds), publicly or privately transferred futures and other derivative products to investors, or providing relevant business services to investors. Article 3 Institutions that sell securities and futures products or provide securities and futures services to investors (hereinafter referred to as operating institutions) shall abide by laws, administrative regulations, these Measures and other relevant provisions, be diligent and conscientious in the process of selling products or providing services, fully understand the situation of investors, conduct in-depth investigation and analysis of product or service information, make scientific and effective evaluation, and fully reveal risks. Based on the different risk tolerance of investors, different risk levels of products or services, etc., put forward clear suitability matching opinions, sell or provide suitable products or services to suitable investors, and bear legal responsibility for illegal acts. Article 4 On the basis of knowing the products or services and listening to the opinions of operating institutions on their appropriateness, investors should make prudent decisions according to their own abilities and independently undertake investment risks.

Appropriate matching opinions of business organizations do not mean that they make substantive judgments or guarantees on the risks and benefits of products or services. Article 5 The China Securities Regulatory Commission (hereinafter referred to as the China Securities Regulatory Commission) and its dispatched offices shall supervise and manage the performance of appropriate obligations by operating institutions in accordance with laws, administrative regulations, these Measures and other relevant provisions.

Securities and futures exchanges, registration and settlement institutions and self-regulatory organizations such as China Securities Industry Association, China Futures Industry Association and China Asset Management Association (hereinafter referred to as industry associations) conduct self-regulatory management on the performance of appropriate obligations by operating institutions. Article 6 When selling products or providing services to investors, an operating institution shall know the following information of investors:

(1) Basic information such as the name, address, occupation, age and contact information of a natural person, and basic information such as the name, registered address, office address, nature, qualification and business scope of a legal person or other organization;

(two) the source and amount of income, assets, debts and other financial conditions;

(3) Investment-related study, work experience and investment experience;

(4) investment objectives such as investment period, variety and expected income;

(5) Risk preference and tolerable loss;

(6) Records of good faith;

(7) The natural person who actually controls the investor and the actual beneficiary of the transaction;

(eight) the relevant information of the investor access requirements stipulated by laws, regulations and self-discipline rules;

(9) Other necessary information. Article 7 Investors are divided into ordinary investors and professional investors.

Ordinary investors enjoy special protection in information disclosure, risk warning and appropriate matching. Article 8 A professional investor meets one of the following conditions:

(1) Financial institutions established with the approval of relevant financial regulatory authorities, including securities companies, futures companies, fund management companies and their subsidiaries, commercial banks, insurance companies, trust companies, finance companies, etc. ; Subsidiaries of securities companies, subsidiaries of futures companies and managers of private equity funds that have been filed or registered by trade associations.

(2) The wealth management products issued by the above-mentioned institutions to investors include, but are not limited to, asset management products of securities companies, products of fund management companies and their subsidiaries, asset management products of futures companies, bank wealth management products, insurance products, trust products and private equity funds registered by trade associations.

(3) Pension funds such as social security funds and enterprise annuities, social welfare funds such as charitable funds, qualified foreign institutional investors (QFII) and RMB qualified foreign institutional investors (RQFII).

(4) A legal person or other organization that meets the following conditions:

1. Recently 1 The net assets at the end of the period are not less than 20 million yuan;

2. The financial assets at the end of the recent 1 year are not less than100000 yuan;

3. Have more than 2 years investment experience in securities, funds, futures, gold and foreign exchange.

(5) A natural person who meets the following conditions at the same time:

1. Financial assets are not less than 5 million yuan, or the average annual income of individuals in the last three years is not less than 500,000 yuan;

2. Have more than 2 years investment experience in securities, funds, futures, gold and foreign exchange. Or have more than 2 years of experience in financial product design, investment, risk management and related work, or are senior managers of professional investors as stipulated in Item (1) of this article, certified public accountants and lawyers who have obtained professional qualifications and engaged in financial-related businesses.

The financial assets mentioned in the preceding paragraph refer to bank deposits, stocks, bonds, fund shares, asset management plans, bank wealth management products, trust plans, insurance products, futures and other derivative products. Article 9 An operating institution may conduct detailed classified management of professional investors according to their business qualifications, investment strength, investment experience and other factors.