On June 4/kloc-0, 10, China Securities Regulatory Commission issued the Notice on Doing a Good Job in Filing Management and Risk Monitoring of Private Placement Products, which assigned three responsibilities originally undertaken by China Securities Association and China Securities Capital Market Development Monitoring Center to the fund industry association. These three responsibilities include: ① filing and monitoring of customer asset management plans of securities companies; (2) Filing and monitoring of direct investment funds of securities companies; ③ Record management and statistical monitoring of the asset management business of fund management companies and their subsidiaries for specific customers.