China Securities Regulatory Commission, Guiding Opinions on Hedging Strategy Funds

Applicability: For the purposes of these Guiding Opinions, the term “hedging strategy fund” means a publicly offered securities investment fund that is operated with the use of certain investment hedging strategies, while also bringing in a relevant protective mechanism with the objective of avoiding to the extent possible fund unit holders incurring a loss arising in their investment principal by the expiration of the hedging strategy term (Article 1).