China Proposes Reforms to Cut Mutual Fund Trading Commissions and Address Conflicts of Interest
China's securities regulator, the China Securities Regulatory Commission (CSRC), has introduced draft rules to reduce trading commissions for mutual funds and address conflicts of interest within brokerages' securities trading and fund sales businesses. This move is part of ongoing efforts to reform the $3.8 trillion mutual fund industry, boost investor confidence, and revitalize the country's sluggish stock market. The proposed rules, open for public consultation, seek to safeguard investors and enhance the regulation of how fund managers allocate trading commissions....