The Securities Regulatory Commission (CSRC), 9 June (Xinhua)-- the Securities Regulatory Commission (CSRC) today openly solicited opinions on the "regulations on the Management of Investment Consulting Business of publicly raised Securities Investment funds (draft for soliciting opinions)" to further promote the conversion of fund investment consultancy business to routine practice. The "regulations" mainly include three contents: first, 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. In October 2019, the CSRC launched a pilot fund investment advisory business. From the perspective of the pilot project, the fund investment consultant business runs smoothly, and the business adaptability and development prospects have been generally recognized and supported by all parties in the market. The pilot project has achieved the desired goal and has basically met the conditions for conversion to routine. (reporter Huang Jingsi)