ChinaÆs fund regulation reform may lose its bite

The supposed overhaul of China's investment fund regulations, intended to be the most important revision of its kind in a decade, will most likely be a flop, say sources with close ties to the China Securities Regulatory Commission (CSRC). Two key culprits are to blame: one is the CSRC's lack of resources; the other, weak political appetite for an all-encompassing reform at the National People's Congress (NPC) level. The original plan was for a complete overhaul that would see the CS…