CSRC chairman Wu Qing said on June 6 at the China Securities Investment Fund
Association meeting that publicly offered funds must strengthen alignment of
interests and implement new regulatory and reform requirements across corporate
governance, product issuance, investment operations and performance evaluation.
He urged funds to improve investment robustness and adopt more countercyclical
thinking to deliver sustainable medium- to long-term returns, and warned the
industry must be prevented from resorting to sector/strategy betting, style
drift and issuance at elevated prices, and must not return to chasing scale and
quick profits.
