CSRC looks to future with deregulation drive

Proposed deregulation to China’s funds industry and QFII scheme has been lauded as a positive move to long-term investment by authorities and evidence of a willingness to reform despite volatile markets. This week the China Securities Regulatory Commission (CSRC) announced two sets of measures designed to create a more conducive environment for both domestic fund managers and foreign financial institutions to conduct business. Under the proposals, the regulator will no longer ne…