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CSRC scolds fund firms, admits regulatory 'flaws'

Toby Yiu
The chairman of China's securities watchdog argues for stronger risk controls in and tighter oversight of the funds industry, and acknowledges flaws in its regulatory approach last year.
CSRC scolds fund firms, admits regulatory 'flaws'

The chairman of China’s securities watchdog on Saturday said domestic mutual fund houses should have stronger risk controls, argued for tighter regulation of private fund managers and acknowledged flaws in its regulation of the equity market last year. 

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