The holding period of the fund purchased by the fund manager shall not be less than 1 year. According to Article 3 of the Provisions on Relevant Matters Concerning Fund Employees' Investment in Securities Investment Funds promulgated by the CSRC in June 20 12, fund employees are encouraged to make long-term investments through regular quotas or other means when purchasing funds. The period for senior managers, heads of fund investment and research departments to hold the fund shares managed by the Company and fund managers to hold their own fund shares shall not be less than 65,438+0 years, and investment in money market funds and other cash management tools funds shall not be restricted by the above period. The main purpose of this regulation is to protect the long-term investment interests of fund employees, promote them to have a deeper understanding and understanding of fund products, and reduce the impact of short-term market fluctuations on employees. At the same time, such regulations can also increase investors' confidence in the fund industry and improve market stability.