Last Friday, the China Securities Regulatory Commission (CSRC) released draft regulations to reduce sales-related fees for public offering funds, aiming to lower investor costs and promote long-term investment.
The draft rules, currently open for public consultation, aim to reduce charges such as subscription and sales service fees that investors pay when purchasing funds.
This initiative represents the third phase of the CSRC’s fee reform programme, which began in July 2023.
Experts estimate the latest round of fee cuts could save investors about RMB30bn ($4.2bn) each year. When combined with earlier reforms, total annual savings are expected to surpass RMB50bn.
The CSRC said it will continue to seek feedback from market participants before finalising the new rules.