1998 the first standardized securities investment fund in China was born. At the end of 1997, in order to solve the problems existing in the development of funds in China and standardize the operation of funds, China promulgated the Interim Measures for the Management of Securities Investment Funds, which removed the legal restrictions that have long bound the development of investment funds, determined the open and closed fund management modes, and strengthened the supervision of funds. 1On March 23, 1998, two closed-end securities investment funds, Kaiyuan and Jintai, established according to this method were publicly issued and listed, marking the emergence of new institutional investors in China's securities market, and China's investment funds began the era of closed-end securities investment funds. From 65438 to 0998, China * * * established the first batch of five closed-end funds: Kaiyuan Fund, Jintai Fund, Xinghua Fund, anxin fund Fund and Yuyang Fund.
In September, 20001year, with the approval of the management, Huaan Fund Management Company established the first domestic open securities investment fund-Huaan Innovation, and the development of China fund industry entered a new stage.
The most suitable fund investment at this stage is fixed investment, with a low starting point. Long-term fixed investment is also compulsory savings, which can save some money for the future. The yield in three to five years or ten years will be good, because our securities market is undervalued now.