本报讯 证监会昨日发布《基金管理公司开展投资、研究活动防控内幕交易指导意见(征求意见稿)》，向社会各界公开征求意见。

Report from our correspondent securities regulatory commission released yesterday《The fund management companies to carry out investment、Research activities insider trading and guidance(Draft version of the)》，The social from all walks of life to the public for advice。

　　《指导意见》中指出：一要确立基金管理公司防控内幕交易机制的原则及重点。二要将防控内幕交易机制纳入公司内部控制，构建职责体系，切实保障防控内幕交易机制健全、执行到位。三是建立完善内幕信息的识别、报告、处理、检查、责任追究及合规审查、培训、考核等重要防控内幕交易制度，确保不存在防控内幕交易的空白或者漏洞。四是强调证监会的监督管理职责及中国证券投资基金业协会的自律管理职责，并规定了未按照相关法律法规和《指导意见》建立、实施防控内幕交易机制等的法律责任。

《Guiding opinions》Pointed out in：To establish a fund management company insider trading mechanism and the principle and key。The prevention and control of insider trading mechanism into the company's internal control，Construct responsibility system，Ensure a sound mechanism and insider trading、Execution in place。Three is to establish a perfect inside information recognition、report、processing、check、Accountability and compliance review、training、Examination of prevention and control of important insider trading system，Ensure there are no control and prevention of insider trading blank or vulnerabilities。Four is to emphasize the supervision and administration of securities regulatory commission and the China securities investment funds industry responsibility self-discipline management duties of the association，And provides not according to the relevant laws and regulations and《Guiding opinions》establish、Implementation of the prevention and control of insider trading mechanism of legal responsibility。

　　证监会有关部门负责人表示，内幕交易行为是证券市场一大顽疾，严重违反了《证券法》、《证券投资基金法》等法律法规，损害投资者合法权益，扰乱证券市场秩序。基金管理公司作为资本市场的重要机构投资者，应当坚持价值投资、长期投资理念，注重增强投资研究能力，提高基金投资业绩和规范运作水平，防止内幕交易，发挥对市场的引领作用。

Securities regulatory commission in charge of relevant departments said，Insider trading behavior is often a big stock market，A serious breach of the《Securities law》、《Securities investment funds》And other laws and regulations，Damage the legitimate rights and interests of investors，Disturbing the order of the securities market。The fund management company as a capital market the important institutional investors，Should adhere to the value investment、Long-term investment concept，Pay attention to strengthen investment research ability，Raise fund investment performance and standard operation level，Prevent insider trading，Play on market leading role。

　　虽然基金公司内部一直都有监察机构进行交易规范、透明的监管，但近些年仍发生多起内幕交易，严重影响了基金公司的形象，削减了投资者对基金行业的信任。上投摩根、长城、景顺长城、南方、融通、国海富连克林、光大保德信等多家基金公司都被爆出旗下基金经理利用职务之便进行“老鼠仓”操作，部分基金经理甚至获刑，特别是交银施罗德基金前投资总监李旭利的内幕交易案影响最大。

Although fund company internal supervision organization have been trading regulations、Transparent supervision，But in recent years are still occurred on insider trading，Serious impact on the fund the image of the company，Cut the investors in the fund industry's trust。Drop Morgan、The Great Wall、JingShun Great Wall、south、financing、GuoHai rich--even、Everbright the dexin and a number of fund company is its funds in the manager and use their position“Mice storehouse”operation，Part of the fund manager and even the punishment，Especially/silver schroeder fund investment LiXuLi director before the insider trading case most influence。

　　“证监会一直在严查基金内幕交易，这次，通过法规将防控内幕交易纳入基金公司内部监管体系，完善防控制度，同时明确职责，对基金公司而言是‘有法可依’了。”新浪基金研究中心的负责人庄正认为，防范内幕交易，一方面需要法律来严加监管，另一方面还需要依靠基金经理的职业操守，“在以人为主的金融资产管理行业，从业者的素质非常重要”。 记者 黄晓霞

“Securities regulatory commission has been attracted fund insider trading，the，Through the regulations will control and prevention fund company insider trading into the internal supervision system，Perfect crime prevention and control system，And clearly duty，To fund companies is‘Barriers of’the。”Sina fund research centre ZhuangZheng think，Prevent insider trading，On the one hand needs the law to under strict supervision，On the other hand, we need to rely on the fund manager of professional ethics，“In be given priority to with the person of financial assets management industry，Practitioners of quality is very important”。 Reporter HuangXiaoXia