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 fro

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.