CSRC: The scope of securities settlement risk fund investment expands to include the purchase of key maturity government bonds.

The China Securities Regulatory Commission has announced the "Measures for the Management of Securities Settlement Risk Fund", which will be implemented from December 8, 2025. The "Measures" optimize the investment, storage, and use of the risk fund. Firstly, the investment scope of the risk fund is expanded from only bank deposits to also include the purchase of key-term national bonds, as well as other forms of fund utilization approved by the China Securities Regulatory Commission and the Ministry of Finance, and it is required that the balance of the risk fund in bank deposits should not be less than 70% of the total net assets at the end of the previous month. Secondly, the usage procedures are simplified, in accordance with the State Council's arrangements for the cancellation of administrative approval items, and the use of the risk fund is changed from requiring prior approval to requiring a post-reporting system.