(20 17) fund employees shall abide by the obligation of confidentiality, and the following are not confidential ().

The secrets that fund practitioners come into contact with in their practice activities mainly include three categories: first, business secrets; The second is customer information; The third is inside information. Trade secrets refer to technical and commercial information that is unknown to the public, can bring economic benefits, is practical and has been kept secret. Specifically, from the perspective of institutional operation, it can include analysis report on the securities market, research report on a certain industry, investment portfolio, investment plan, etc. From the perspective of internal governance, it can include internal control system, firewall system, employee incentive mechanism, personnel management system, workflow and so on. Customer data mainly refers to the customer's personal data, including the customer's personal ID card information, mobile phone number, family member information, financial status, investment needs, etc. These materials often belong to the privacy that customers don't want others to know. Protecting customer privacy is not only a legal requirement, but also a professional ethics requirement. In addition, these customer lists with investment needs are also a kind of commercial resources, which generally belong to the business secrets of institutions. Insider information refers to important non-public information that will affect the price of securities. These inside information also belong to the information that fund practitioners need to keep confidential.