China proposes trading cost cuts for mutual funds, to regulate commissions

China proposes trading cost cuts for mutual funds, to regulate commissions

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

China‘s securities regulator has published draft rules aimed at cutting trading commissions for mutual funds and addressing the conflict of interest between the securities trading and fund sales businesses of brokerages, the latest reform to the $3.8 trillion mutual fund industry.

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