Chinese Funds Face New Rules
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China Merchants FundReuters
•Business
Business & Economics
Chinese active funds gear up with fresh products after dramatic industry reforms

78% Informative
China Asset Management , China Merchants Fund and E Fund Management Co said they have applied or will soon apply to launch so-called variable-fee products.
Variable-fee investment products - currently rare in China - more closely aligns the interests of fund managers with investors.
The new rules are aimed at promoting Warren Buffett -style longer-term value investing.
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