China Securities Regulatory Commission (CSRC)-- the CSRC openly solicited opinions on the "regulations on the Management of Investment Consulting Business of publicly raised Securities Investment funds (draft for soliciting opinions)". The main contents of the "regulations" include: first, to follow the normative principles of "investment" activities during the pilot period, strengthen the supervision of investment links, further clarify the management and control of management-oriented business, and optimize investment diversification and other regulatory requirements. The second is to strengthen the supervision of "consultant" service, supervise and guide the industry to adhere to the origin of "consultant" service, continuously enrich the connotation of service, strengthen the management of investor appropriateness and service matching, and standardize propaganda and recommendation behavior. strengthen the implementation of fiduciary obligations and the prevention of conflicts of interest. Third, in view of new problems and new situations, we should make up for the shortcomings of supervision and promote the orderly development of business compliance. For example, we should strengthen the standardized management of cooperation between investment consultants and other institutions such as fund sales institutions, clarify the normative requirements for investment advisers to allocate products other than public offering funds, and exempt fund practitioners other than fund managers from the lock-up requirements when investing in the company's funds.