The CSRC promulgated the Interim Provisions on the Administration of the Business of Publicly Offering Securities Investment Funds for Personal Pension Investments on the 4th, which shall come into force as of the date of promulgation. The Interim Provisions clearly regulate all kinds of market institutions participating in the business of individual pension investment in public funds and their business development activities. Including defining the general principles and basic requirements for fund managers, fund sales agencies and other institutions to carry out private pension investment in public funds, as well as the responsibility positioning of the fund industry platform; Specify the fund product standards that individual pension can invest in, and specify the investment management and risk management responsibilities of the fund manager; Clarify the conditions for the development of the fund sales agency, and specify the responsibilities of the fund sales agency such as information prompt, account service, promotion, appropriateness management, and investor education. (Liu Xinshe)