Fund sales foreign entrants will positively impact competition
New rules open up fund sales market
Issue: July/August 2011
Foreign players entering the fund industry will vitalise competition with their advanced expertise and know how in offering value-added services.
On June 22, the China Securities Regulatory Commission (CSRC) issued the Measures for the Administration of the Sale of Securities Investment Funds (Revised) (中国证券监督管理委员会证券投资基金销售管理办法 (修订)) (the Measures) which will go into effect on October 1. The new rules loosen restrictions on China’s fund industry, opening up more intermediary...
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