证监会、基金业协会重磅发布 公募重大改革落地

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has drafted the "Guidelines for Performance Comparison Benchmarks of Publicly Raised Securities Investment Funds (Draft for Comments)" and is seeking public feedback, aiming to standardize fund managers' investment behavior and enhance investor experience [1][2]. Summary by Sections General Principles - The guidelines consist of 21 articles divided into six chapters, emphasizing the representativeness and objectivity of performance comparison benchmarks [1]. Constraints on Performance Benchmarks - The new regulations state that performance benchmarks cannot be adjusted arbitrarily due to short-term factors, and any changes must follow specific procedures, including announcements and informing investors [2]. Evaluation Role of Performance Benchmarks - The guidelines also standardize the use of performance benchmarks in salary assessments, fund sales, and fund evaluations [2]. Strengthening Supervision - There is a focus on enhancing information disclosure and supervision by fund custodians, establishing multiple layers of defense beyond self-regulation by fund managers [3].