Call for China to cap new mutual funds – Florian Gimbel

From the Financial Times (link):

A senior industry expert is calling on the Chinese securities regulator to limit the number of new mutual fund launches, amid concerns over massive asset outflows from existing fund products.

Shiv Taneja, head of the Asian operation of Cerulli, the specialist research firm, said he would make his case during a forthcoming meeting with the China Securities Regulatory Commission. Last year, the CSRC suspended new share issues as part of a plan to overhaul the share structure of listed companies.

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