China securities regulator drafts fund-industry reform plan targeting long-term returns and lower fees

China’s securities regulator said it is preparing a reform plan for the fund management industry focused on improving long-term investor returns, reducing fees, and tightening oversight of market activity. It also outlined a three-year implementation plan for related guidance and said it will encourage private securities funds to adopt long-term, value-oriented investment approaches.

Published June 6, 2026 By Sofia Reyes , Global Desk Reviewed by Mio Sasaki , Chief Editor 1 min read

China’s securities regulator said it is preparing a reform plan for the fund management industry aimed at improving long-term investor returns, reducing fees, and strengthening oversight of market activity.

In separate statements published on June 5, the regulator said it will draw up a three-year action plan to implement previously issued guidance and will encourage private securities investment funds to adopt long-term and value-oriented investment approaches.

The regulator also said it plans to build a more complete supervisory and risk-prevention framework and establish longer-term mechanisms to support industry development under tighter rules. It added that capital support is needed for emerging and future industries and warned fund managers against market activity driven by excessive short-term trading themes.