China’s securities watchdog will support mutual funds in cutting product fees


SHANGHAI: China’s securities regulator said on Saturday that it would support mutual fund managers to enable them to lower fund product fees.


In a statement, the China Securities Regulatory Commission said it would optimise the mutual-fund fee scheme and steadily lower the industry’s comprehensive fee rates.


The statement came as performance of China’s stock market falters amid a weak recovery of the world’s second-largest economy, with China’s blue-chip CSI300 index down more than 13per cent in the past 12 months.


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