中国金融：公募基金仍有广阔增长空间-China Financials-Mutual Funds Long Runway Still Ahead

December 3, 2025 10:46 PM GMT China Financials | Asia Pacific Industry fee structure healthier after painful transition period. The largely sales- driven model in the industry resulted in excess turnover, high investment costs and improper investor suitability during 2020 and 2021. In 2024, the mix of volume- based revenue at fund distributors declined to 35%, from >70% in 2021, following fee declines and a series of reforms aimed at better aligning the interests of wealth managers, fund managers and invest ...