三是已故投资者持有的由同一公募基金管理人管理的公募基金等资管产品，或在同一基金销售机构 开立的账户项下的公募基金等资管产品不超过5万元人民币（或等值外币，不含未结转收益）。资产余 额以申请当日的查询结果为准。 四是申请人向证券公司申请办理小额遗产继承的，应当前往已故投资者开户证券公司的营业场所进 行现场办理。申请人向公募基金管理人、基金销售机构申请办理小额遗产继承的，应当按照相关机构要 求办理。 通知明确，申请人办理小额遗产继承，应向证券公司、公募基金管理人、基金销售机构提交相关材 料。接受申请的机构应当对申请人提交的材料进行必要审查，审查时应当尽到合理谨慎义务。 新华社北京7月25日电（记者刘慧、刘羽佳）为践行金融为民理念，进一步优化金融服务，便利投 资者遗产继承业务办理，证监会25日发布关于简化办理已故投资者小额遗产继承程序的通知。 通知规定，办理已故投资者小额遗产继承业务的，应当同时符合四个条件。 一是已故投资者和申请人均应为境内自然人，且申请人为已故投资者的配偶、子女、父母，或者公 证遗嘱指定的继承人、受遗赠人。 二是已故投资者在同一证券公司开立的账户项下的全部净资产（包括但不限于证券、资金，公募基 ...

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] - The new procedure eliminates the requirement for notarization, allowing first-order heirs or designated beneficiaries to directly handle the inheritance with necessary documentation [1][2] - The notice aims to reduce the time and costs associated with the inheritance process, which previously required notarized documents, thus benefiting small investors [1][2] Summary by Sections Inheritance Process - The notice allows first-order heirs (spouses, children, parents) and beneficiaries named in a notarized will to apply for the simplified inheritance process for estates not exceeding 50,000 RMB [1] - All net assets under the same securities account or managed by the same public fund management company can be included in this simplified process [1] Application Materials - Applicants can use the deceased's death certificate, proof of relationship, identification documents, and a commitment letter to apply, without needing a notarized inheritance certificate [1][2] Industry Impact - The notice aligns with current banking practices and aims to protect small investors by setting the inheritance limit at 50,000 RMB, thus maximizing benefits for this demographic [2] - The high liquidity of securities allows for a straightforward process where applicants can reset account passwords, sell or redeem assets, and directly inherit the funds [2]

Core Viewpoint - The financial industry has introduced a significant convenience measure following the simplification of small deposit withdrawals, specifically aimed at enhancing the process of small estate inheritance in the securities and fund sector [2][3]. Group 1: Simplification of Small Estate Inheritance - The China Securities Regulatory Commission (CSRC) has implemented a notification to simplify the inheritance process for small estates valued at 50,000 RMB or less, eliminating the need for notarization [2][3]. - Heirs can now directly process inheritance with necessary documents such as death certificates and proof of kinship, streamlining the previous requirement for notarized inheritance certificates [2][3]. - The new rules also address situations where securities are suspended or financial products are not yet due, providing clear guidelines for non-trading transfer applications [2][3]. Group 2: Industry Research and Feedback - Prior research by the CSRC and China Securities Depository and Clearing Corporation indicated a growing number of investors seeking to process small estate inheritances, with many reporting difficulties in convenience [3]. - Industry self-regulatory organizations in regions like Shanghai have explored simplification measures, but inconsistencies in practices highlighted the need for standardized regulations [3]. Group 3: Coverage and Efficiency - The new notification expands the scope of small estate inheritance to include all net assets under the same securities company or managed by the same public fund manager, as long as the total does not exceed 50,000 RMB [3][4]. - The regulations aim to ensure that the process is efficient and secure, balancing convenience with the protection of heirs' interests [3][4]. - The asset range now includes funds, securities, and public fund products, ensuring that the process is handled in a single instance, benefiting small and medium investors [4].

Core Viewpoint - The article outlines a new regulatory framework by the China Securities Regulatory Commission (CSRC) aimed at simplifying the inheritance process for small estates of deceased investors, enhancing financial services for the public [2][9]. Summary by Sections Inheritance Process Simplification - The CSRC has issued guidelines to streamline the inheritance process for small estates of deceased investors, allowing heirs to apply for the inheritance of assets not exceeding 50,000 RMB (or equivalent foreign currency) [2][3]. - The guidelines specify that both the deceased investor and the applicant must be domestic individuals, with the applicant being a spouse, child, parent, or designated heir [2][3]. Eligibility Criteria - The total net assets of the deceased investor across all accounts at a single securities company must not exceed 50,000 RMB, excluding any accrued interest [2][3]. - For public fund products managed by the same fund manager, the total must also not exceed 50,000 RMB [3]. Application Requirements - Applicants must provide necessary documentation, including a death certificate, proof of relationship for first-order heirs, and valid identification [4][5]. - A signed commitment letter from the applicant is also required [5]. Institutional Responsibilities - Institutions receiving applications must conduct necessary reviews and can reset trading passwords for the deceased investor's accounts if the application is approved [5][6]. - Institutions are required to maintain internal controls and ensure proper handling of client information and transaction records [7]. Post-Application Procedures - After the inheritance process is completed, accounts with no remaining balances must be closed by the respective institutions [8]. - Institutions have the right to refuse applications under certain conditions, such as judicial freezes or disputes among heirs [8][6]. Exclusions and Implementation - The guidelines do not apply to inheritance matters involving overseas individuals [8]. - The new regulations will take effect from July 25, 2025 [9].