Guidelines for performance evaluation and management of fund management companies are introduced, encouraging the appropriate extension of the budget management cycle for total compensation.

The latest release from the China Securities Investment Fund Association () is the "Guidelines for Performance Evaluation and Management of Fund Management Companies", in which it is mentioned that fund management companies should strengthen the management of total compensation budget, encourage appropriate extension of management cycles, and ensure that changes in total compensation within the cycle are linked to fund investment returns and company performance. Specifically, compensation includes basic salary, performance-based pay, benefits and subsidies, and long-term incentives.