《期货交易管理条例》修改完成

[The regulations on the administration of futures trading]Modification completion

　　11月5日，作为国内期货监管最高层次的法规，新修改后的《期货交易管理条例》正式向社会发布，修改后的管理条例从12月1日起施行。与修改前相比，新条例首次明确界定了期货交易，同时也为即将进行的创新业务预留了空间。

On November 5,As the domestic futures regulatory highest level of laws and regulations,The new modified[The regulations on the administration of futures trading]Officially released to the society,The revised regulations from December 1,.Compared with before modification,New regulations for the first time clearly define the futures trading,At the same time also for the upcoming business innovation to reserve a space.

　　现行《期货交易管理条例》是从2007年4月开始施行，此前在1999年曾发布了期货交易的暂行管理条例。在业内人士看来，正是期货市场的发展和不断成熟驱动了条例的修改。

current[The regulations on the administration of futures trading]From April 2007 to perform,After in 1999 had released the interim regulations on the administration of futures trading.It seems in the personage inside course of study,It is the development of the futures market and maturity drive the regulation changes.

　　【点评】：业内人士表示，尽管新修改后的期货交易管理条例能满足目前需求，但一方面，《条例》归属行政法规的范畴，缺乏对期货市场主体的民事和刑事的规范，另一方面，与其他金融业相比，期货的法制建设也显滞后，目前，金融行业六大分支“银、证、期、保、信、基”，唯独期货还没有相应的《期货法》。

[Comment on]:The personage inside course of study says,Although the new revised regulations on the administration of futures trading can meet the current needs,But on the one hand,[regulations]Belong to the category of administrative rules and regulations,Lack of futures market main body of civil and criminal norms,On the other hand,Compared with other financial industry,The futures of legal system construction also show hysteresis,At present,The financial industry six branch"silver/card/period/the/letter/base",But the futures is not relevant[Futures method].

　　RQFII获批2000亿新增资金

RQFII approved 200 billion new capital

　　11月13日，经国务院批准，中国证监会、中国人民银行及国家外汇管理局决定增加2000亿元人民币合格境外机构投资者（RQFII）投资额度，至此，RQFII的试点总额度达到2700亿元人民币。此次新批2000亿元RQFII资金，最主要的原因还是由于前期遭到火爆抢购，获批额度已基本用完。

November 13,,With the approval of the state council,The China securities regulatory commission/The people's bank of China and the state administration of foreign exchange decided to increase 200 billion yuan RMB qualified foreign institutional investors(RQFII)Investment quota,So far,RQFII of pilot ZongEDu amounted to 270 billion yuan RMB.The new group of 200 billion yuan RQFII funds,The main reason is because by the hot buying,Approved quota has been basically finished.

　　保险机构将加入基金销售行列

Insurance institutions will join the ranks of fund sales

　　11月20日，中国证监会公布了《保险机构销售证券投资基金管理暂行规定（征求意见稿）》。主要内容包括：

November twenty days,The China securities regulatory commission announced[Insurance agency sales of securities investment fund management interim provisions(draft)].The main contents include:

　　参照现有基金销售机构标准设定准入资格条件；销售业务规范与现行销售业务规范保持一致；基金销售人员管理上考虑保险机构销售人员的特殊性；监督管理上注重与中国保监会的监管协作。

With reference to the existing fund sales agency standard set access qualifications;Sales business norms and the current sales remain consistent standard;Fund sales personnel management considering the particularity of insurance agency sales personnel;Supervision and management of the attention and the China insurance regulatory commission regulatory cooperation.

　　【点评】：上海证券首席基金分析师代宏坤表示，这将有利于基金销售渠道多元化，增加销售机构之间的竞争。不过，基金公司对此态度则相对谨慎。一位基金公司人士表示，保险机构加入基金销售队伍，对于基金公司而言肯定是有利的，但是实际效果仍需要观察。短期来看，依赖银行的局面难以改变，因为保险产品的销售很多也同样依赖银行。此外，保险销售人员是否有动力推动基金销售还难以确定，一笔寿险保单的提成相当丰厚，是销售基金难以达到的。

[Comment on]:Shanghai securities chief fund analysts and macro kun said,This will be good for fund sales channel multiplication,Increase the competition between sales agency.but,Fund company attitude toward the relatively cautious.A fund company officials said,Insurance institutions to join fund sales team,For fund companies must be beneficial,But the actual effect is still need to observe.Short term,Depend on the bank's situation is difficult to change,Because of insurance products sales many also depend on the bank.In addition,Insurance sales staff have power fund sales it is difficult to determine,A life insurance policy commission quite lucrative,Is selling funds difficult to achieve.

　　证监会加大力度防控内幕交易

Securities regulatory commission to intensify the prevention and control of insider trading

　　11月20日，中国证监会召开新闻通气会，对外公布《基金管理公司开展投资、研究活动防控内幕交易指导意见》。

November twenty days,The China securities regulatory commission held a press TongQiHui,announced[The fund management companies to carry out investment/Research activities and insider trading guidance].

　　证监会有关部门负责人表示，基金管理公司及其从业人员应当进一步提高防控内幕交易意识，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，充分发挥专业机构投资者的示范作用。中国证监会将继续建立健全打击和防控内幕交易的综合体系，为各类投资者营造公平、公正的投资环境，促进我国资本市场稳定健康发展。

Securities regulatory commission in charge of relevant departments of the said,The fund management companies and their employees shall further enhance the consciousness of prevention and control of insider trading,Adhere to the value investment/Long-term investment philosophy,Pay attention to enhance investment research ability,Improve the fund investment performance and standard operation level,Give full play to professional investors demonstration effect.The China securities regulatory commission will continue to establish and perfect the strike and prevention and control of the integrated system of insider trading,For all types of investors to create a fair/The investment environment of justice,To promote the healthy development of China's capital market stability.