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[Administrative Approval Item] Review and approval for listing and trading of the tranches of close-ended funds
[Provisions applicable to the basis, conditions, procedure and term for the review]
Article 47 of the Law of Funds: The fund managers shall apply to the securities regulatory body of the State Council for review and approval before the tranches of the close-ended funds can be listed and traded in the securities exchanges. The aforesaid securities regulatory body shall authorize the securities exchanges to review and approve according to the legal requirements and procedures the listing and trading of the tranches of funds.
Article 48 of the Law of Funds: If the tranches of funds are to be listed and traded, the following conditions shall be met:
(1) the funds shall be raised in compliance with the Law herein; (2) the funds shall have the contract period of over five years; (3) the sums of funds raised shall be no less than CNY 0.2 billion; (4) there shall be no less than 1,000 owners of the tranches of funds; (5) other conditions defined by the regulations on listing and trading of the tranches of funds.
[List of Application Documents and Templates of Application Form]:
1. Application reports;
2. Written replies on funds collection;
The China Securities Regulatory Commission
(This English version by Shenzhen Securities Information Co., Ltd. is for your reference only. In case any discrepancy exists between the Chinese and English context, the Chinese version shall prevail.)
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