China's CSRC Vows to Boost Investor Confidence Amid Increased Regulatory Scrutiny

Aug 26, 2024, 04:37 AM

The China Securities Regulatory Commission (CSRC), the country's top market regulator, is taking steps to boost investor confidence and deepen capital market reforms. At a recent symposium in Beijing, the CSRC emphasized its commitment to these goals. The Financial Times reports that mutual fund houses in China are facing increased regulatory scrutiny, including requirements to reduce fees and restrictions on purchasing third-party services. Additionally, fund managers must provide daily trade reports if net sales occur. The South China Morning Post notes that China has called on asset managers to support the stock market and inject confidence.