The CSRC is proposing a separate channel just to approve equity index fund products, suggesting it wants to support the development of ETFs in the country.
Having been granted a Beijing branch licence, the US firm expects to see a big increase in Chinese demand for its asset services, including private-equity administration.
The regulator releases an early draft of the proposed rules for Chinese mutual funds that want to invest in CSI 300 index futures.
Despite the fanfare from QDII ETF issuers and the Shanghai Stock Exchange, these products are unlikely to achieve the lofty aims set for them.
E-Fund and China Merchants are first to launch new QDII funds after a 17-month drought.
Fund houses in China have been told to keep an eye out for customers whose names might be on the state's list of terrorists, criminal suspects, convicted criminals and enemies.
UBS Global Asset Management and Goldman Sachs are exploring whether they can participate in ‘collective investment management’ schemes in China.
Compulsory registration and licensing will be required for fund advisory and rating providers. But a few innocent bystanders are likely to be affected.
Distribution has always been regarded as the weakest link in China’s booming fund industry; now the CSRC is seizing supervisory power over the sector from the CBRC.