In the News

China's Fund Body Targets Sales Model Reform, FT Ignites Asia

September 02, 2019

The Asset Management Association of China (AMAC) recently issued its work plan for the second half of 2019. Morgan Lewis partner Cindy Pan discussed this development with FT Ignites Asia: “It is the first time that AMAC, as an industry self-regulator, points out the unreasonableness of the current commission model. We think that AMAC or other regulators, such as the CSRC, may introduce new rules on the sales charges of public funds in the future to reform the current commission model.”

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