AMAC Strengthens the Management of Public Offering Securities Investment Fund Managers and Practitioners
Asset Management Association of China issued the "Guidelines on Professional Conduct and Ethics for Managers and Practitioners of Publicly Raised Securities Investment Funds", which has been implemented since August 17. Fund managers shall establish and improve various systems for related transactions, arms length transaction, formulate and improve the standards and processes for matters such as related party identification and related transaction price determination, and shall not transfer benefits to third parties or between different asset portfolios.
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