(1) Application for raising funds

The main documents to be submitted when applying for raising funds include: fund application report, draft fund contract, draft fund custody agreement, draft prospectus, etc.

(2) Approve the application for raising funds.

The state securities regulatory body shall make a decision of approval or disapproval within 6 months from the date of accepting the application for fund raising.

(3) Sales of fund shares

The fund manager shall sell the fund shares within 6 months from the date of receiving the approval documents. The raising period of the Fund shall be calculated from the date of sale of fund shares, and the raising period shall not exceed 3 months.

(4) The fund contract takes effect.

Upon the expiration of the fund raising period, the total share of closed-end funds has reached more than 80% of the approved scale; There are more than 200 fund share holders; An open-end fund shall meet the requirements of raising no less than 200 million shares, raising no less than 200 million yuan and holding no less than 200 fund shares.

The fund manager shall employ a statutory capital verification institution to conduct capital verification within 10 days from the expiration of the raising period. Within 65,438+00 days from the date of receiving the capital verification report, submit the filing application and capital verification report to the the State Council securities regulatory authority, and handle the fund filing procedures.

China Securities Regulatory Commission shall give written confirmation within 3 working days from the date of receiving the capital verification report and filing application; From the date of confirmation, the fund contract will take effect after the filing procedures are completed. The day after the Fund receives the confirmation document, it will announce the effectiveness of the fund contract.

2. How to carry out capital verification after the expiration of the raising period?

Upon the expiration of the fund raising period, the total amount of fund shares raised by closed-end funds reaches more than 80% of the approved scale, the total amount of fund shares raised by open-end funds exceeds the approved minimum total amount of raised shares, and the number of fund share holders meets the requirements of the State Council securities regulatory agency. The fund manager shall hire a statutory capital verification agency to conduct capital verification within 10 days from the expiration of the fund raising period, and submit it to the State Council securities regulatory agency within 10 days from the date of receiving the capital verification report.