Development of China Trust and Investment Fund: China Trust and Investment Fund came into being in the early 1990s and was divided into two stages: new fund and old fund.

1. The development of the fund will change gradually from top to bottom.

2. Adapt to the transformation from closed-end fund to open-end fund.

3. The new development form also puts forward new requirements for the coordination between the fund industry and other industries.

4. With the development of fund industry, it is necessary to gradually establish a scientific and perfect fund evaluation system.