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China , Thursday 16 April 2026

China decries pursuit of glory, short-term gains in revamp of US$4 trillion fund industry amid steep market losses

Published on: Wednesday 27 April 2022

China decries pursuit of glory, short-term gains in revamp of US$4 trillion fund industry amid steep market losses China is taking steps to revamp its US$4 trillion mutual fund industry amid stunning losses, decrying the pursuit of short-term results and celebrity status after the local stock market suffered the biggest blow in the region last quarter. Mutual funds must prioritise investors' long-term interests, prevent obsession with size and rankings and seek greater participation from the financial sector, the China Securities Regulatory Commission (CSRC) said in a statement on its website late on Tuesday


News source: https://www.yahoo.com/now/china-decries-pursuit-glory-short-093000408.html

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