[To help equity funds buck the trend, the threshold for the establishment of equity funds, hybrid funds, and FOF has been reduced from 200 million yuan to 50 million yuan] On October 9, the China Securities Regulatory Commission today released the "Operation and Management Measures for Publicly Offered Securities Investment Funds (Draft for Comments)" and solicited opinions from the market. This is more than 12 years since the current operating measures were revised and released. The "Operation Measures" draft for comments lowers the establishment thresholds for stock funds, hybrid funds, funds of funds (FOF), etc. from 200 million yuan in scale and 200 million shares to 50 million yuan and 50 million shares respectively; the establishment thresholds for fixed-income funds remain unchanged. According to industry insiders, first, it is conducive to the smooth establishment and operation of products with long-term investment value even when the market is low, and it enhances counter-cyclical layout capabilities; second, it is conducive to reducing the phenomenon of "helping funds" to maintain establishment; third, it is conducive to enriching product supply and better adapting to the needs of investors with different risk preferences. (Reporter Zhou Xiaoya)