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1999年下半年以来,我国管理层有计划、有步骤地推出了一系列发展机构投资者的措施,最近又提出要超常规创新性地发展机构投资者,并明确提出将尽快进行开放式基金的试点,力争在未来五年内使开放式基金成为我国基金业的主流。开放式基金正呼之欲出。一、开放式基金推出的背景首先从宏观经济面来看,2000年上半年我国经济增长率达到8.2%,从全年的经济运行态势来看,当年我国将结束自1993年以来长达六年的调整,进入一个新的稳定增长时期。其次,去年以来,我国金融运行也表现出积极稳健的特征:一是货币供给稳步增长。截至6月底,流通中的现金M0余额同比增长19.5%;狭义货币M1余额同比
Since the second half of 1999, our management has introduced a series of measures to develop institutional investors in a planned and step-by-step manner. Recently, we proposed that we should develop institutional investors unconventionally and creatively and clearly put forward that we will start as soon as possible the open-end fund Pilot, and strive to make open-end funds in the next five years become the mainstream of China’s fund industry. Open-end funds are ready to come out. First, the background of the introduction of open-end funds First of all, from a macroeconomic point of view, the first half of 2000 China’s economic growth rate reached 8.2% from the perspective of the economic operation throughout the year, when China will end up from 1993 up to six years Adjustment, enter a new period of steady growth. Second, since last year, China’s financial operation also showed a positive and steady feature: First, the money supply increased steadily. As of the end of June, the cash M0 balance in circulation increased by 19.5% over the same period of last year; the narrow money M1 balance was