The rules of the game are not detailed

Every reporter Li Na from Shanghai yesterday, is the fund special account of a pair of more formal opening day.　　However, through the "Daily Economic news" reporter survey found that the new battlefield did not appear big moves, public offering funds did not appear large-scale redemption, to maintain a high level of attention to the various forces are looking forward to the specific "rules of the Game" released. Recent public offering has not appeared redemption tide with a pair of many gates, the high-end financial group has become a lot of fund companies for the object of contention.　　So, in the existing public offering fund "big" will have action, withdraw from public offering funds to invest in special account? In fact, we are more worried about this phenomenon, but it has not yet appeared. The current index is at 2,600, but the net value of many funds has been restored to the level of the original 3,600 points. From the data, there is no major customer redemption phenomenon. Recently, the company also appeared a large size of the purchase amount, and some single pen is relatively large.　　"An insider from a fund company in Beijing said to reporters. Shanghai, a fund company staff also told reporters, the company's current old funds to purchase a good amount. In recent days, there are tens of millions of of the capital inflow, redemption also has, overall more balanced.　　However, there are no signs of a major customer retreat. According to the Bank of the fund company confirmed that the company's recent purchase and redemption have remained stable, did not appear obvious changes, the large and more stable access, and there is no major customer redemption phenomenon. Although the year of the ox has been a sharp rebound in the stock fund, but many of the major customers still do not solve the set.　　Moreover, there is no special household financing a pair of new products appear. Pre-award new products on a large scale early South Fund director Li Haipeng has said that in the United States, many fund companies in the asset management scale, the general is the number of households accounted for one-third, public offering accounted for two-thirds of the proportion, but in fact, public offering and special households to create a comparable profit.　　As a result, the asset management scale of the households will still be smaller than the public offering, but the profit margin is likely to be higher than the public offering fund.　　The problem, however, is that the "rules of the game" have not yet been finalized until the current participation in a one-to-many relationship between the two parties. A Shanghai fund company staff said that, according to its understanding, individual provincial-level branches, the action is very positive.　　Some provinces and cities, CCB and ICBC are ready to submit to their respective headquarters for approval, may eventually be led by the headquarters. The staff further explained that at present, the headquarters to take into account the management of the problem, the product will also be taken to the headquarters of the report, estimated that the eventual sale of some households in the bank a pair of multiple products may be in the form of small funds. The so-called Small Fund is, by the head office launched designated in one or some areas to sell a pair of multiple products.　　At present, because the fund company, the bank, the management various policies have not appeared, all aspects are still in the wait-and-see state. Beijing, a fund company said that the current management requirements of a pair of private households more than 0.9% management fee, but the back-end charges and a series of problems are not specified. After June, the market canCan have a first order or a few single appear.　　A large domestic fund company insiders also told reporters, it is estimated that the beginning of the first household finance a pair of many of the number will not be very large, rhythm will not be very fast. Guess that special accounts can "hematopoietic" hundreds of years of the year of the Ox, a-share market trend is strong, management revitalization of the economic program, the introduction of a succession of macroeconomic signs of warming, there is no doubt that the bull injected a tonic.　　And the implementation of more than a pair of households, and let the untimely, silent for a long while the special household financing and lively up. According to the statistics of a certain brokerage, the last 2 months, a A-share market has been a small outflow of funds, indicating the balance of capital in and out, the rebound on the market depends on the existing stock of the market funds. And the June IPO restart on the agenda, clearly let the market feel the pressure of capital. and a pair of households more than one business, it is precisely the market for the important source of living water.　　So how much fresh blood can the special household finance deliver to the market? Guo Xin Securities analyst Yang said that foreign institutional finance occupies a larger proportion of the overall business of the fund company. In the mature foreign capital market, the scale of institutional finance occupies a considerable proportion of the whole business of the fund company, the United States Public fund assets and the development of special-account assets as rapidly, in the early 90 to 2005, public and private households increased by 20 times times, at present, the total size of the United States Private finance is about 1 of mutual funds　　10, is the stock fund of 1/5. Yang pointed out that, according to this calculation, in the long run, private finance is expected to introduce 200 billion ~3000 billion capital for a-share market, and become another "super force" in the market.