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基金互认开辟了两地投资者证券市场投资新通道。政策实施后,我国不可兑换的资本项目由5项减少为3项,资本项目可兑换实现了新突破。为支持内地与香港公开募集证券投资基金互认工作(以下简称基金互认),日前,央行与外汇局发布了《证券投资基金跨境发行销售外汇管理操作指引》(国家外汇管理局公告[2015]第36号,以下简称《指引》),明确了基金互认额度管理规则和相关操作,以便利两地基金跨境发行销售所涉资金汇兑及流出入。
The mutual recognition of funds has opened up a new channel for investment in securities markets of investors from both places. After the implementation of the policy, the number of non-convertible capital items in our country was reduced from 5 to 3, and the capital account convertibility achieved a new breakthrough. In order to support the mutual recognition of securities investment funds raised by the Mainland and Hong Kong (hereinafter referred to as the mutual recognition of funds), the Central Bank and the SAFE issued a “Guidelines for the Administration of Foreign Exchange Sales through Cross-border Distribution and Sales of Securities Investment Funds” (SAFE Bulletin [2015] ] No. 36, hereinafter referred to as the “Guidance”), which clarifies the rules and related operations for the mutual recognition of funds of the two funds so as to facilitate the exchange and flow-in of funds involved in the cross-border issue and sale of funds of the two places.