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CSRC Issues Action Plan for Promoting High-Quality Development of Public Funds
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To implement the decision from the Central Political Bureau meeting dated September 26, 2024 to “steadily advance public mutual fund reforms”, the China Securities Regulatory Commission (CSRC) recently issued the Action Plan to Promote the High-Quality Development of Public Mutual Funds. The plan outlines a series of reform measures addressing market and societal concerns, urging fund companies and sales institutions to shift from a focus on “scale” to “returns”, marking a infliction point for the industry’s high-quality development. It includes 25 initiatives, summarized as follows: 1) optimizie fee structures for actively managed equity funds; 2) strengthen the binding of interests between fund companies and investors; 3) enhance investor service capabilities; 4) increase scale and stability of equity investments; 5) integrate robust regulation and risk prevention. AAStocks Financial News |
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