CSRC pushes for further institutionalisation in China

The China Securities Regulatory Commission is fighting multiple battles in its mission to reform the regulations governing the fund industry. When CSRC chairman Shang Fulin spoke at a fund industry conference in Beijing last week, close to 300 executives from fund houses, custodian banks and brokerages' fund-distribution arms turned up to hear him give his latest thoughts. No decoding was required on reading his speech. Shang clearly outlined the CSRC's strong desire to see further i…