The Comparative Analysis of the Investment Policy and the Open-end Fund

As financial product, the investment policy is different from open-end fund. But they are similar in investment function. Through the comparative analysis in investment operating, investment risk, liquidity management and their mutual relationship, the author suggests that the investment policy should be regulated together by CSRS (China Securities Regulatory Commission) and CIRC (China Insurance Regulatory Commission), the insurance companies and the fund companies should make use of mutual benefit to promote their development, and the investor should choose investment products according to their preference.