many details of the matter has not yet been introduced.

Fund Industry Association looks forward to resolve bottlenecks Yesterday China Fund Industry Association was established and the first annual session of the General Assembly held in Beijing, which marked the first public placement fund industry self-regulatory organization was formally established. Due to the fund industry development slowing down in recent years, people in the industry will focus on innovation and reform. The daily news reporter learned that, in addition to the fund company and industry to strengthen self-discipline, the industry can expect AssociationSolving bottlenecks, issues such as information services, increase lower promotion costs, Christian Democratic respondents are more concerned about Shen foreclosure rate will take advantage of lower rates and management. Innovation and reform is the main theme, yesterday morning, several public-fund company, third party sales agencies, managed institutions, rating agencies, such as the Fund shall participate in the Fund Industry Association was established and the first annual session of the General Assembly. At the annual meetingShang, many people in the industry raised the issue of industry innovation, shows up on fund industry after the establishment of the Association looks forward to. Chairman of the China Securities Regulatory Commission http://www.powerleveling.us/diablo-3, Mr Guo pointed out that the fund company to firmly establish a customer-centered development concept, designed a number of runs to win with inflation, less risky products, but also for the high-end customers with high yield and high risk products. This afternoon the day beforeMeeting of the Bureau, the original Sun Jie, Director of the Fund has been duly elected, President of the industry association diablo 3 power leveling, former General Manager of China AMC Fan Yonghong was elected as Vice President of the Association of part-time, General Manager Gao Liangyu was elected supervisor in the South long. The daily news reporter learned that, the industry association membership includes fund managers, Fund custodians, Fund sales institutions, Fund sales payment and settlement organizationsFive categories of institutions such as rating agencies and funds, which is the first industry covers the entire fund industry chain in China's capital market self-regulatory organizations. According to industry sources, the three institutions have no seat in the directors of the Association. In accordance with the fund industry associations to develop ideas, the size of the Council for 30 people, fund management companies member Governing 21 people, custodian of the Fund MemberMember 4, non-member directors for 5 person; size of Board of supervisors for 5 people, members of the Fund management company supervisor 4 people, custodian of the Fund Member's supervisor 1. Three people look forward to "fund the functions of industry associations should not merely through the Organization of examinations and training free of charge. "As an industry self-regulatory organizations, many fund companies who interview: looking forward to focusThree areas: solving bottlenecks, increase information service, reduced promotion costs. "Charges and service should be equivalent. "Yesterday a fund company in Beijing to receive the journalist said in an interview with the business daily. In accordance with the provisions of the Fund Industry Association, fund managers fee set at $ 100,000. Annual fee will be charged in accordance with 2 per thousand in revenue from a year earlier to fund companies, not below the minimum$ 20,000, up to more than $ 600,000. In fact, according to some insiders of the company, in this case, firms generally pay $ 600,000 a year. In statements by the representatives of the fund industry in the process, said Fan Yonghong, the fund company is a technology company, not a factory; Morningstar Asia-Pacific CEO Zhang Xiaohai by analyzing the United States experience in the development of the fund industry pointed out that theHolder priority, low rates of interest, focusing on areas of special advantages and long-term investment philosophy is an important industry issues. Insiders pointed out that, due to the majority of leading members of the Association from the regulators, "delegate", enabling the Fund Industry Association semi-official means strong, rather than by the members of the body of the market, and may undertake major regulators issued a number of implementing measures. ForFor most investors, is a Fund of interest rates can be reduced, stability fund sectors wastage now serious reality. Researchers said it expects to fund companies in the advocacy work of the Association in the self-regulation of behavior, strict enforcement of the applicable principle of publicity. These studies have pointed out that the Fund, fund industry associations should play a role in the future requires careful positioning,This also depends on the decentralization of regulatory power, many details of the matter has not yet been introduced.