证监会：基金管理人应当建立全流程内控机制，提高内部决策层级

Core Points - The China Securities Regulatory Commission (CSRC) has released a draft guideline for public solicitation of opinions on the "Guidelines for Performance Benchmark Selection of Publicly Raised Securities Investment Funds" to enhance the quality of public funds [2] - The guideline aims to standardize the selection and use of performance benchmarks, ensuring they reflect the core elements and investment styles agreed upon in fund contracts [2] - The guideline consists of six chapters and twenty-one articles, focusing on the representation, constraint, and evaluation roles of performance benchmarks [2][3] Group 1 - The performance benchmark should reflect the core elements and investment style as stipulated in the fund contract, and once selected, it should not be changed arbitrarily [2] - Fund managers are required to establish a comprehensive internal control mechanism to ensure the stability of investment styles [2] - The guideline emphasizes the need for proper use of performance benchmarks in salary assessments, fund sales, and evaluations [2] Group 2 - The Asset Management Association of China is drafting operational details to guide industry institutions in implementing the guidelines, focusing on benchmark selection, information disclosure, risk control, and compliance management [3] - The operational details will also be open for public consultation to ensure industry-wide adherence [3]