CSRC mops up mess in fund rating industry
Compulsory registration and licensing will be required for fund advisory and rating providers. But a few innocent bystanders are likely to be affected.
The China Securities Regulatory Commission (CSRC) is proposing a new set of rules that will make registration and licensing compulsory for fund advisory, commentary and rating providers. The rules are written with the aim of cleaning up the chaotic process of fund rating in China, where currently a plethora of professional and amateur fund commentators operate.
While no-one has attempted a complete count, the sheer number of fund rating and advisory providers that are known to exist …
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