China Proposes Cuts to Trading Fees, Ending Soft Commissions
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China’s financial regulator has proposed cutting the commission rate for public investment funds, the latest measure to spur trading and bolster the market as the world’s second-biggest economy faces a raft of headwinds.
The China Securities Regulatory Commission is seeking public input on the proposal to “reasonably” reduce transaction fees, and plans to strengthen supervision over the distribution of commissions on fund trading, according to a statement late Friday.