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CSRC Plans Equity Index Funds Channel

The China Securities Regulatory Commission is proposing a separate channel to approve passive equity index fund products.

The China Securities Regulatory Commission(CSRC) is proposing a separate channel to approve passive equity index fund products, Asian Investor reports. China’s securities regulator has sent a supplementary notice to asset managers and fund custodians proposing the creation of the channel.

The channel would be separate to the existing ones for equity funds, fixed income funds, qualified domestic institutional investor funds and segregated account products. If approved, the new measure would enable fund managers to submit applications simultaneously for equity index funds and actively managed equity funds.

Click here for the story from Asian Investor.

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