Although the original Measures for the Administration of the Sale of Securities Investment Funds (证券投资基金销售管理办法) (the Measures) have only been in effect since 2004, like many other seven-year-old regulations in the quickly developing country, these regulations are already considered by many to be antiquated and ripe for an overhaul.
Funds: Heading in the right direction
The revised sale of securities investment funds measures introduce more competition by loosening qualification restrictions and allowing new entrants flexibility in compensation structures for value-added services
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