Llinks Law Offices
Sandra Lu
[email protected]
The Guidance for Securities Investment Funds to Participate in Stock Index Futures Trading (Guidance) was promulgated and implemented by the China Securities Regulatory Commission (CSRC) on April 21 2010. Pursuant to the Guidance, equity funds, hybrid funds and capital guarantee funds are allowed to invest in Stock Index Futures (SIFs) while bond funds and money market funds are prohibited.
The SIFs in which funds are allowed to invest refer to financial futures contracts that are based on stock price indices approved by the CSRC and listed on the China Financial Futures Exchange (CFFE).