China's securities watchdog will support mutual funds to lower product fees

By Reuters Staff

SHANGHAI, July 8 (Reuters) – China’s securities regulator said on Saturday that it would support mutual fund managers to lower fund product fees.

In a statement, China Securities Regulatory Commission said it would optimize the mutual fund fee scheme and steadily lower the industry’s comprehensive fee rates. (Reporting by Jason Xue and Shanghai Newsroom Editing by Shri Navaratnam)

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