Equity Fund Establishment Threshold Proposed to Drop to 50 Million Yuan

36Kr reports that the China Securities Regulatory Commission has opened a public consultation on the 'Administrative Measures for the Operation of Publicly Offered Securities Investment Funds (Draft for Comments)' and related rules. The draft supports the development of equity funds, proposing to lower the establishment threshold for equity funds and fund-of-funds (FOFs) from a scale of 200 million yuan and 200 million shares respectively to 50 million yuan and 50 million shares, while maintaining the current threshold for fixed-income funds.