The Shanghai and Shenzhen Stock Exchange is seeking public comments on improving arrangements relating to listed open-ended funds. The draft for solicitation of comments clearly states that the listing of commodity futures LOF and QDII LOF should be terminated, and a transition period of at least one year should be set to end the listing before December 31, 2027 at the latest; LOF with a daily net asset value of less than 10 million yuan for 60 consecutive trading days should also be terminated. For small-scale LOFs, risk alerts must be issued daily if it falls below 10 million yuan for 40 consecutive trading days. According to estimates from industry insiders, it is estimated that about 125 LOFs may be involved in delisting, with a total market size of about 26 billion yuan.
Zhitongcaijing · 2d ago
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The Shanghai and Shenzhen Stock Exchange is seeking public comments on improving arrangements relating to listed open-ended funds. The draft for solicitation of comments clearly states that the listing of commodity futures LOF and QDII LOF should be terminated, and a transition period of at least one year should be set to end the listing before December 31, 2027 at the latest; LOF with a daily net asset value of less than 10 million yuan for 60 consecutive trading days should also be terminated. For small-scale LOFs, risk alerts must be issued daily if it falls below 10 million yuan for 40 consecutive trading days. According to estimates from industry insiders, it is estimated that about 125 LOFs may be involved in delisting, with a total market size of about 26 billion yuan.
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