China’s Mutual Funds Slash Fees to Encourage Investor Participation

Chinese mutual fund companies are slashing management fees in response to regulators’ plan to reform the $3.7 trillion industry aimed at encouraging investors’ participation.

A total of 19 mutual fund companies, including top players like China Asset Management, E Fund Management and GF Fund Management, have announced fee cuts affecting 1,570 fund products as of Monday, according to Caixin’s calculation based on market information.