Compliance Management In The Operation Of Private Securities Investment Funds

China officially revised the Fund Law in 2013.With the rapid and healthy development of private securities investment fund,compliance management of private securities investment fund managers becomes more necessary.The year 2019 saw the unprecedentedly strongest efforts to implement the new policy on private securities investment fund regulation.For this reason,it is of great significance to both private securities investment fund managers and investors by conducting a systematic theoretical study of the compliance management issues in private securities investment fund operations in the year,uncovering the characteristics of compliance management risks,addressing the possible compliance management issues in fund operations and proposing well-targeted solutions to tackle specific compliance management issues.A combination of market research,literature review and case study methods is used in the paper to analyze in detail the operations management of China's private securities investment fund products.From the compliance perspective,the paper systematically sorts out the entire cycle of fund operations,makes a detailed analysis of compliance issues involved in the operations,and goes into the scientific working process and risk plan that can improve the working efficiency and service level,ensure the private securities investment fund managers continuouslyenhance the quality of business expansion,stick to the fiduciary duty,win the investors' trust with professionalism and integrity and create excess returns for investors.Through studying the current operations management of Xin Hong Tian He fund products,the paper,factoring in the pros and cons of such products,introduces a set of process into the compliance management and sums up the effective implementation plan for compliance management:(1)earnestly strengthening compliance management in consideration of the business essence and carrying out the compliance work effectively;(2)stressing the importance of compliance department in the management philosophy and highlighting the department's core status in the structural design;(3)mainly reflecting the engagement of compliance management in the working process;and(4)promoting the compliance culture and allowing the compliance awareness to become a basic principle for the staff when carrying out each work.The present study provides experience for peers.In particular,it probes into how to effectively link the compliant operations of private securities investment funds with the business,and thus offers an effective approach to management innovation in this field.