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随着中国证监会主席周小川在“基金发展国际研讨会”上致辞的公开发表,开放式基金的问世已呈显山露水之势。开放式基金相对封闭式基金而言,是一种以市场机制来控制基金规模的基金。换言之,当市场对基金需求较旺时,可以增发基金;当投资者对基金不看好时,可以要求赎回。从国外基金业的发展史看,一般都是封闭式基金先行,待市场发育较为成熟后,开放式基金才逐步取代封闭式基金,成为市场的主流。我国基金业十余年的发展,以清一色的封闭型基金为
With the public issuance of Zhou Xiaochuan, chairman of China Securities Regulatory Commission, at the “International Symposium on Fund Development,” the advent of open-end funds has shown a tremendous tendency. Open-ended funds, in contrast to closed-end funds, are funds that use market mechanisms to control the size of the fund. In other words, when the market demand for funds is relatively high, the fund can be re-issued; when investors are unfavorable to the fund, they can demand redemption. From the history of the development of foreign fund industry, generally closed-end funds are the first to be more mature market development, open-end funds gradually replace the closed-end funds, becoming the mainstream of the market. China's fund industry more than ten years of development, with all kinds of closed-end funds