Recently, in order to strengthen the supervision of important money market funds, the China Securities Regulatory Commission and the People's Bank of China jointly issued the "Interim Provisions on the Supervision of Important Money Market Funds" (hereinafter referred to as the "Interim Provisions").

In the early stage, the CSRC has publicly solicited opinions from the public on the "Interim Provisions", and all parties in the market have agreed with and supported the regulatory ideas and rules requirements put forward by the provisions. The CSRC carefully studied the opinions and suggestions of the market feedback and adopted most of them.

The Provisional Provisions consist of five chapters and twenty articles, the main contents of which include: first, clarify the definition and evaluation conditions, standards and procedures of important money market funds, and effectively identify important money market funds; The second is to clarify the special regulatory requirements of important money market funds to enhance the ability of fund managers and products to resist risks; The third is to clarify the risk prevention and control and disposal mechanism of important money market funds.

In the next step, the CSRC will guide various industry institutions to seriously implement the "Interim Provisions", and continue to do a good job in daily supervision and risk monitoring of important money market fund products together with the People's Bank of China, effectively protect the legitimate rights and interests of fund share holders, and promote the stable and healthy development of related products.