事关七亿基民！最新规范来了

Core Viewpoint - The article discusses the recent draft of the "Investor Suitability Management Guidelines for Publicly Offered Securities Investment Funds" by the Asset Management Association of China, aimed at enhancing investor protection and regulating fund sales practices, particularly in the context of live streaming and sales to elderly investors [2][4]. Group 1: Investor Suitability Management - The guidelines require fund managers and sales institutions to conduct risk assessments based on investors' goals, risk preferences, and loss tolerance, ensuring appropriate fund sales [4][5]. - The frequency of risk assessments for ordinary investors is limited to a maximum of two times per day and eight times within twelve months [5][6]. - The validity of risk assessment results is generally capped at twelve months, necessitating re-evaluation if this period is exceeded or if the investor reports changes affecting their risk capacity [5][6]. Group 2: Fund Risk Classification - The guidelines establish clear quantitative requirements for fund risk classification, mandating the development of a comprehensive risk classification system by fund managers and sales institutions [7][8]. - Factors such as stock allocation, historical net value volatility, and maximum drawdown must be considered in determining fund risk levels, with specific rules on how these factors influence risk ratings [7][8]. Group 3: Live Streaming and Elderly Investor Protections - The guidelines introduce specific measures for fund promotion through live streaming, requiring internal review processes and risk disclosures during live sessions [10][11]. - Special attention is given to the sale of high-risk funds to investors aged 65 and above, necessitating more cautious sales processes, enhanced risk warnings, and increased follow-up interactions [11][12].