People walk past the China Securities Regulatory Commission (CSRC) sign at its building on the Financial Street in Beijing, China. REUTERS/Tingshu Wang/File photo SHANGHAI/SINGAPORE  -More than a dozen major mutual fund companies in China cut fees in roughly 1,500 fund products on Monday as regulators started reforming fee practices in the $3.7 trillion industry in an effort to reduce costs to investors. The money managers, including China Asset Management Co and Bank of Communications Schroder Fund Management Co, said in separate statements that management fees in certain equity-focused products would be cut to 1.

https://business.inquirer.net/409524/china-mutual-funds-cut-fees-as-regulator-targets-3-7-t-sector

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