TREE NEWS update: At least 16 Chinese mutual fund companies have disclosed lists of third-party internet platforms they work with, as the new Measures for the Administration of Online Marketing of Financial Products took effect on September 30. Under the rules, financial institutions must publicize the third-party platforms they commission for online marketing, and those platforms must in turn publicize the financial institutions that commission them. Compliance departments have held密集 meetings as firms work out how to apply the rules in practice.
China’s Mutual Fund Online Marketing Rules Take Effect; 16 Firms Disclose Platform Lists
The disclosure requirement is the real substance here: it turns what was previously an opaque web of fund-company-to-platform distribution arrangements into a public register, which matters for anyone tracking how Chinese retail money actually reaches products. Compliance departments meeting intensively suggests the practical application is still unsettled, so the first wave of lists may not be the final shape of the market. Whether smaller platforms get squeezed out as firms rationalize their disclosed partnerships is the open question.
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