Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice simplifying the inheritance process for small estates of deceased investors, specifically for assets valued at 50,000 RMB or less, eliminating the need for notarization [1][2]. Group 1: Inheritance Process Simplification - The new regulation allows first-order heirs or designated inheritors to inherit assets without notarization if the total net assets in accounts under the same securities company do not exceed 50,000 RMB [2][3]. - The definition of the 50,000 RMB limit includes all net assets within the same securities company account, such as securities and funds, and does not include accrued interest [2][3]. Group 2: Required Documentation - To apply for inheritance, four types of documents are required: death certificate, proof of relationship for first-order heirs, valid identification of the applicant, and a signed commitment letter from the applicant [3][4]. - If the applicant is a designated inheritor in a notarized will, they must provide the will along with the other required documents [3]. Group 3: Application Process - Applications for small estate inheritance must be submitted at the securities company's business location where the deceased investor held their account [4]. - For public fund management or sales institutions, the application must follow the specific requirements set by those institutions [5]. Group 4: Asset Transfer Procedure - After submitting the required documents, the securities company will reset the deceased investor's account trading password, allowing the applicant to sell or redeem the assets [6]. - In cases where assets cannot be sold or redeemed due to market conditions, applicants can request a non-trading transfer of securities [6][7]. - For public fund products, applicants can also apply for a non-trading transfer through the fund management or sales institutions [7].

Core Points - The China Securities Regulatory Commission (CSRC) has issued a notice to simplify the inheritance process for small estates of deceased investors, specifically for amounts under 50,000 RMB [1][2]. Group 1: Inheritance Process - The notice allows first-order heirs or those designated in a notarized will to directly handle the inheritance process with necessary documentation [1][2]. - The total net assets of the deceased investor must not exceed 50,000 RMB, including securities, funds, and other asset management products [2]. - The inheritance process requires the applicant to visit the securities company's physical location for processing [2][5]. Group 2: Required Documentation - Applicants must provide a death certificate to prove the investor's passing [5]. - If the applicant is a first-order heir, they must submit proof of relationship, such as a household registration book, marriage certificate, or birth certificate; if designated by a will, the notarized will must be provided [3]. - Valid identification of the applicant and a signed commitment letter are also required [4].

Core Points - The China Securities Regulatory Commission (CSRC) has issued a notice to simplify the inheritance process for small estates of deceased investors, specifically for amounts under 50,000 yuan [1][2] - The new procedure eliminates the need for notarization, allowing first-order heirs or designated inheritors to directly process the inheritance with necessary documents [1][2] - The notice applies to both on-market securities and off-market asset management products, including public funds, thereby standardizing the inheritance process across the securities and fund industries [1][2] Summary by Sections - **Eligibility for Inheritance**: The notice specifies that the first-order heirs (spouse, children, parents) and those designated in a notarized will can apply for the inheritance of small estates [2] - **Asset Limitations**: The total net assets under a single securities account or public fund managed by the same fund manager must not exceed 50,000 yuan to qualify for the simplified process [2] - **Required Documentation**: Applicants need to provide the deceased's death certificate, proof of relationship, identification, and a commitment letter, without needing a notarized inheritance certificate [2] - **Application Process**: Applicants must visit the deceased's securities company for on-site processing or follow the relevant procedures at public fund management or sales institutions [2] - **China Securities Settlement Corporation (CSSC) Updates**: CSSC will revise and publish supporting business notifications and guidelines regarding the handling of inheritance cases, especially in situations where securities are suspended or financial products are not yet due [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice to simplify the inheritance process for small estates of deceased investors, effective from July 25, 2025 [1] Group 1: Inheritance Process - Eligible heirs of deceased investors can apply to securities companies, public fund managers, or fund sales institutions for the inheritance of small estates [1] - Heirs are required to submit documents including a death certificate, proof of kinship, and identification [1] - Securities companies and public fund managers will review the submitted materials to confirm eligibility before processing the inheritance [1]