Monday January 13 2014
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: China
Link: http://english.sse.com.cn/aboutsse/news/c/c_20140113_3763163.shtml
The Shanghai Stock Exchange (SSE) has released the new “SSE Management Measures on Open-end Fund Business” The Measures were implemented as of the issuance day, and the “SSE Rules (Trial) on Business Lines for Subscription, Purchase, and Redemption of Open-end Funds” (Shang Zheng Zhai Zi [2005] No. 29) issued previously was abolished at the same time.
The Measures specify an array of business lines related to subscription, purchase, redemption, trading, and trusteeship transfer of open-end funds, as well as splitting and merging of split-capital fund units on the SSE.
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