China's securities regulator is plowing ahead with plans to shake up the country's vast 25 trillion yuan ($3.7 trillion) mutual fund management business, reshaping industry incentives and throwing the doors wider for more companies to get into the sector.
Caixin
Inside China's plans to overhaul its $3.7tn mutual fund industry
Vast sector's management has lagged behind its rapid growth
People sit in front of a board showing stock information in Hangzhou, China. The country's mutual fund market has expanded rapidly, piggybacking on a growing middle class. © Reuters
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