August 30th, China Securities Investment Fund Industry Association organized a fund management company compliance risk control training. During which the Commission Department experts were invited to explain the regulatory rules that  have been released or  intended to publish. The fund management company, the fund accounts of subsidiaries and Specialized Committee, business executives, fund management industry association funded private securities investment fund Specialized Committee members more than 350 people attended the meeting. China Securities Regulatory Commission Vice Chairman Li Chao attended the meeting and delivered an important speech. Hong Lei, chairman of the fund industry association presided over the meeting.

    Li Chao, vice chairman pointed out that the establishment of the public fund industry for eighteen years, the overall development of a stable, standardized operation, maintaining a stable and healthy development of the good momentum. At the same time, the industry is still in the primary stage of development, especially in the sub companies and private equity asset management business, but also accumulated a lot of problems and risks. Some institutions there is a deviation from the information management industry, "accountability of good faith, prudence and diligence" is not in place, lack of sustained long-term planning and other issues. Li Chao, vice chairman stressed that the industry should take the initiative to return to the source of information management, adhere to the bottom line, and focus on the rights and interests of investors to fulfill their responsibilities, enhance the core competitiveness, to sort out the perfect business system and organizational structure.

    The next step, the Commission will be implemented according to the law strict regulatory requirements, continue to do a good job to improve the system supply and so on. In the standard fund management company and a subsidiary of private capital management business, will crack down on illegal information management products Rigid honor, with funding, capital pools to touch the bottom line behavior, strictly limit the class of non-standard financing subsidiary, the nested class of business investment to strengthen the supervision of structured products. Institutions should be under the premise of effective control of risk, around their own resource endowments, carefully carry out private equity management business.