What is the regulation that stipulates a limit of 10 shares per fund holding?

According to the "Measures for the Administration of Investment", all the ** holdings issued by a company managed by the same **manager shall not exceed 10% of the **. The reason why the "Measures for the Management of Investment" has a "10%" restriction on a company's holding of a certain company is to prevent the company from manipulating the stock price with a financial advantage.

In the United States, the relevant regulations only limit the proportion of a single person holding a single stock, in order to force the diversification of investment.

Extended Information: Rules of Trading:

**Rules. For **, our domestic market is generally T+1 trading. That is to say, if we are before 3 p.m. on the trading day, then we will complete the transaction according to the net value of the day, and we can determine our share on the next day; If it is after three o'clock, then we can only trade according to the ** net value of the next day, and wait another day, that is, the third trading day to confirm the ** share.

The foreign target is slightly different, after all, we have a time difference with the foreign market, so the timeliness is not as fast as the domestic one. Generally, the T+2 mode is adopted. That is to say, we confirm the share on the third trading day before 3 p.m., **** for the early morning of the next day; If it's after three o'clock, then it will take longer.

Sell rules. Selling is similar to ****, and there are still certain differences between domestic and foreign.

Domestic ** is usually a T+1 trading model, similar to the domestic **, before 3 o'clock in the afternoon, with the **net value of the day's transaction, the next day can be determined to sell ** shares, 24 o'clock our funds can be received; After 3 p.m., you need to stagger the day after that.

The same is true for foreign investment, T+2 trading model, we need to pay special attention to the fact that the timeliness of overseas investment is relatively slow, and it generally needs to be confirmed on the 8th day after the sale of shares to be received. If there is a holiday in a foreign country, then we may have to wait longer. Investors need to pay special attention to the liquidity of their funds.

**Measures for the operation of the company.

The third floor said that the basic is right, but not in detail, I work in the company, and I will explain to you, first of all, it is certain that the closed ** is possible.

Secondly, open-ended** is not possible.

Reason: **The purchase and sale is called subscription (new**) Subscription (old**) and redemption of the first new **After the subscription, there will generally be a 2-3 month closure period During the closed period, ** can not do any buying and selling activities, let alone buy and sell like ** every day.

Second, even if it is old**, there is no closed period, and the funds you should sell (redeem) on the same day are also different in the arrival period, Generally, the arrival period for buying and selling through ** company is 3 working days (postponed in case of holidays) It is 5 to 7 days for buying and selling through the bank, that is to say, if you want to use the funds obtained from selling (redeeming) on the same day to buy other**or original**, you have to wait for three days at the earliest, so open**can't buy and sell every day like **.

Note: Due to the delay in the arrival of funds at the time of redemption, it is impossible to buy and sell every day.

1. The restrictions on open-ended ** are generally mentioned in the announcement, but generally speaking, they cannot exceed 10% of the total outstanding shares of the stock, and the total amount of a single ** cannot exceed 10%.

2. Open-end funds refer to the fact that when the promoter is established, the total size of the unit or share is not fixed, and the unit or share can be redeemed at any time to the investor according to the needs of the investor, and the unit or share issued can be redeemed at the request of the investor. Investors can either buy through the sales agency to increase the assets and scale accordingly, or sell the shares they hold to the company and recover the cash to reduce the assets and scale accordingly.

It cannot exceed a maximum of 10% of the total outstanding shares of the stock

The total amount of a single **account for ** cannot exceed 10%.

That's probably the case, I've also heard people say, I haven't read the specific charter, each ** will be written clearly on the prospectus, and some innovative ** may be slightly different.

It cannot exceed 10% of the net value or 10% of the circulating disk

No. A **hidden stock is heavily held by a number of ** companies and accounts for more than 20% of the circulating market value, which means that more than 20% of this ** is held by the gold before the basic reform. Carry clear.

The market value of a **holding a listed company** shall not exceed 10% of the net asset value; The total number of holdings held by a company under the management of the same manager shall not exceed 10% of that amount. Varieties that invest in full accordance with the composition ratio of the relevant index can not be subject to the above proportional restrictions.

1) If the name shows the investment direction, there should be more than 80 non-cash assets that belong to the content determined by the investment direction;

2) If a company holds a listed company, its market value shall not exceed 10 of the net asset value;

3) All ** holdings of ** issued by a company managed by the same ** manager shall not exceed 10 of the **;

4) **Property participation in the issuance and subscription, the amount declared by a single ** shall not exceed the total assets of the **, and the declared quantity of a single ** shall not exceed the total amount of the company to be issued;

5) Do not violate the provisions of the ** contract on investment scope, investment strategy and investment ratio.

1) The market value of a ** holding a listed company shall not exceed 10% of the net asset value of **;

2) All ** holdings of ** issued by one company managed by the same ** manager shall not exceed 10% of the **;

3) **Property participation in the issuance and subscription, the amount declared by a single ** shall not exceed the total assets of the **, and the ** quantity declared by a single ** shall not exceed the total amount of the company to be issued;

4) Do not violate the provisions of the ** contract on investment scope, investment strategy and investment ratio;

5) Other circumstances prohibited by the regulations of the China Securities Regulatory Commission.

Yes. In order to diversify risks, managers should not pay too much attention to one or several assets when using asset investment, so as to avoid a sudden deterioration in the operating conditions of the invested company and major losses of property.

The market value of the listed company shall not exceed 10% of the net assets, and the market value of the listed company shall not exceed 10% of the company's issuance.

The amount of property participating in the issuance and purchase shall not exceed 10% of the net assets, and the number of individual declarations in the total assets shall not exceed the total number of shares issued by the joint-stock company to be issued.

Yes. All ** holdings of ** issued by a listed company managed by the same ** manager shall not exceed 10% of the **

More than 10% of the share capital of a listed company will be able to manipulate the ** and trend of this **.

In order to diversify risks, the manager shall not be too concentrated in one or several of the assets to make investments, so as to avoid major losses due to the sudden deterioration of the operation of the invested company. The current regulatory regulations have the following restrictive rules on the risk control of ** investment: (1) the market value of ** holding a listed company shall not exceed 10% of the net asset value of **; 2) All ** holdings of ** issued by one company managed by the same ** manager shall not exceed 10% of the **; 3) **Property participation in the issuance and subscription, the amount declared by a single ** shall not exceed the total assets of the **, and the ** quantity declared by a single ** shall not exceed the total amount of the company to be issued; 4) Do not violate the provisions of the ** contract on investment scope, investment strategy and investment ratio; 5) Other circumstances prohibited by the regulations of the China Securities Regulatory Commission.

All the ** issued by a listed company managed by the same **manager shall not exceed 10% of the **, because more than 10% of the share capital of a listed company can definitely manipulate the ** and trend of this **.

The manager (the management company) refers to the institution that relies on its specialized knowledge and experience, uses the assets under management, makes investment decisions in accordance with the provisions of laws, regulations and articles of association or contracts, and in accordance with the principles of scientific investment portfolios, seeks to continuously increase the value of the assets under management, and enables the holder to obtain as much income as possible. **Managers have different names in different countries.

For example, in the United Kingdom, it is called an investment management company, in the United States, it is called an investment trust company, and in Taiwan, it is called an investment trust business, but its responsibilities are basically the same, that is, the use and management of assets.

More than 10% of the share capital of a listed company can definitely manipulate the ** and trend of this **.

Yes, this is a requirement of the SFC to prevent manipulation.

Plates refer to groups that are artificially grouped together because they have a common characteristic, and this feature is often used by the so-called bookmakers for speculation. Tell me I need to explain, I don't need to write it.

In fact, this balance is the meaning of the total amount in the general understanding, but the word total may be a little misleading, because all the amounts together can be called the total amount, and the existing stock amount can also be called the total amount, so the word balance is used to specifically refer to the existing stock amount, such as 50,000 shares of securities borrowed at one time, and then repaid, and 50,000 shares of securities borrowed, and the balance is 50,000 shares, and the total amount may be understood as 50,000 plus 50,000 shares.

Sometimes these people at the SFC write things that are really confusing.

**The cumulative purchase limit in a single day refers to the maximum amount of money that can only be purchased on that day. For example, in the south**a, the cumulative purchase limit of 3,000 yuan in a single day means that the maximum price can only be sold for 3,000 yuan on the same day, and the excess part cannot be traded.

If there is no indication of the upper limit of the subscription, then you can subscribe as much as you have.

**Reasons for implementing a one-day cumulative purchase limit

1. Prevent the sudden purchase of large funds for arbitrage.

2. The node of the company's performance appraisal is approaching, and the company may successively implement purchase restrictions to guarantee income due to reasons such as performance ranking assessment, avoiding dilution of holders' income, and effectively preventing excessive fluctuations in net value.

3. The larger the scale, the better, and when the scale is too large, it is not conducive to the management of the manager, so the cumulative purchase limit of a single day should be implemented.

The best kind in the market

**Classification risk from low to high.

1. Currency**: Currency is characterized by high security and high liquidity. Normally, the possibility of loss of currency ** will be very small, investors only need to choose a company with strong risk resistance, and currency ** is more suitable for stable and conservative investors to invest.

2. Bonds**: Bonds are based on fixed expected income bonds such as national bonds or corporate bonds as investment objects, and are characterized by redemption at any time.

3. Hybrid**: Hybrid** can invest in all the targets of others**, so its risk level can also be adjusted, generally based on bonds, mainly mixed**, or balanced**. Therefore, investors can choose according to their own risk appetite**.

The risk level is medium to high risk.

4. Index: The index is based on the index as the tracking object, compared with other **, it will be less dependent on the **manager, because it has the function of tracking the target, so its information transparency is higher. The general risk level is high risk.

5. :* is the riskiest investment in **investment**. Because its investment target is the first listed company, so the volatility is larger, so it is very important to choose a better manager, the better the manager, the better the capital allocation and investment strategy, and the higher the profit may be.

6. Other types: hedging, connection and enhancement are developed on the basis of conventional, which have their own investment advantages and different risk levels, which generally need to be analyzed according to specific situations.

**The cumulative purchase limit in a single day is the maximum amount of money that can only be purchased on the day. For example: Southern **a, the cumulative purchase limit in a single day is 2,000 yuan, which means that the maximum purchase can only be 2,000 yuan on the same day, and the excess part cannot be traded.

However, if there is no indication of the upper limit of the subscription, you can subscribe as much as you want. **There are many reasons for the implementation of the single-day cumulative purchase limit, and Dianzhang Finance has sorted out 3 points: 1. Prevent large funds from suddenly buying** for arbitrage.

2. **Company.

As the performance appraisal node approaches, ** companies may implement purchase restrictions and guaranteed returns for reasons such as performance ranking assessment, avoiding dilution of holders' income, and effectively preventing excessive fluctuations in net value. 3. The scale is not as large as possible, and some of the scale is too large, which is not conducive to the management of the manager, so the cumulative purchase limit of a single day is implemented.