China Securities Regulatory Commission, Provisions for Strengthening the Administration of the Securities Transactions of Publicly Offered Securities Investment Funds (Draft for Comments)

Issued: December 8, 2023

Main contents: The Provisions reasonably reduce the commission rate on the securities transactions of public funds. Passive stock-type fund products may not pay fees such as research service fees by way of a commission on a securities transaction and the commission rate on stock transactions may not, in principle, exceed the average market level of commission rates on stock transactions; where another type of fund product pays research service fees by way of a commission on a securities transaction, the commission rate on stock transactions may not, in principle, exceed twice the average market level of commission rates on stock transactions.