【金融街发布】中国证监会就《公开募集证券投资基金业绩比较基准指引（征求意见稿）》公开征求意见

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has drafted the "Guidelines for Performance Benchmark Selection and Use in Publicly Offered Securities Investment Funds" to enhance the quality of public fund management and protect investors' rights [1][2] Group 1: Guidelines Overview - The guidelines consist of six chapters and twenty-one articles, emphasizing the representation function of performance benchmarks, which should reflect the core elements and investment style agreed upon in the fund contract and should not be changed arbitrarily once selected [1] - The guidelines strengthen the constraint function of performance benchmarks, requiring fund managers to establish a comprehensive internal control mechanism to ensure the stability of investment styles [1] - The guidelines aim to standardize the evaluation function of performance benchmarks, regulating their use in salary assessments, fund sales, and fund evaluations [1] - The guidelines propose a multi-layered defense system, enhancing information disclosure and supervision by fund custodians based on self-restraint by fund managers [1] Group 2: Industry Response - The Asset Management Association of China is concurrently drafting the "Operational Details for Performance Benchmark Selection in Publicly Offered Securities Investment Funds" to provide specific operational norms regarding benchmark selection, information disclosure, risk control, and compliance management [2] - The CSRC invites public feedback on the guidelines, which will be refined and implemented following the consultation process [2]