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证监会发布《证券期货投资者适当性管理办法》(以下简称《办法》),自2017年7月1日起施行。该办法考虑到中国资本市场以普通投资者为主,且普通投资者相对于专业投资者在各方面处于弱势地位,为实现实质公平,应给予特别保护,因此保留了相关规定。《办法》共43条,针对适当性管理中的实际问题,主要规定了以下制度安排:一是形成了依据多维度指标对投资者
The CSRC promulgated the Measures for the Administration of the Appropriateness of Securities and Futures Investors (hereinafter referred to as the “Measures”) effective July 1, 2017. This approach takes into account that the Chinese capital market is dominated by ordinary investors, and that ordinary investors are in a disadvantaged position in all aspects relative to professional investors. Special protection should be given for the realization of substantive equity and therefore the relevant provisions have been retained. There are altogether 43 “Measures”, which mainly stipulate the following institutional arrangements in response to the practical problems in proper management: First, a multi-dimensional indicator is formed for investors