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| Some contents of the CSRC Notice [ full text ] |
| ·In case of active investment in warrants, a warrant investment plan shall be prepared and reported to the CSRC and announced. The plan shall specify the proportion limit, investment strategy, information disclosure method, risk control measures, etc. of the fund's investment in warrants. |
| ·The total amount of warrants purchased by a fund on a single day shall not exceed 5 ‰ of the net asset value of the fund on the previous trading day; The market value of all warrants held by a fund shall not exceed 3% of the net asset value of the fund; 1 The same warrant held by all funds managed by the fund manager shall not exceed 10% of the warrant. |
What is warrant
·It is issued by the issuer of the index securities or a third person other than the issuer (hereinafter referred to as the issuer), and the agreed holder has the right to purchase or sell the underlying securities from the issuer at the agreed price within the specified period or on a specific maturity date, or collect the settlement difference by cash settlement.
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| [Origin] The Shanghai and Shenzhen Stock Exchanges launched the Interim Measures for the Management of Exchange Warrant Business, but the draft left a lot of confusion for the fund, such as whether the fund can trade listed warrants and how to limit the investment proportion. With the first warrant of Baosteel's share reform plan officially appearing on June 28, the fund will also hold a large number of warrants due to placement, so the fund company is eager to make a "statement" on the above issues. |
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| Sina Fund Survey |
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