Opinion: China’s Mutual Fund Reforms Should Put Investors First

China’s enormous mutual fund industry is facing a much-needed reckoning. The China Securities Regulatory Commission (CSRC) recently unveiled an “Action Plan for Promoting High-Quality Development of Public Mutual Funds.” This isn’t just another bureaucratic shuffle; it’s a direct response to mandates from a September Politburo meeting and the guidelines on capital markets’ risk prevention measures issued by the State Council in April last year, both aimed at steadying and improving the nation’s capital markets.