The China Securities Regulatory Commission revised and issued the “Regulations on the Administration of Sales Expenses of Publicly Raised Securities Investment Funds”. The “Regulations” suggest that investors shall be charged a redemption fee of not less than 1.5% of the redemption amount for fund shares held continuously for less than 7 days; a redemption fee of not less than 1% of the redemption amount shall be charged for fund shares that have been held continuously for 7 days and less than 30 days; and no less than 0.5% of the redemption amount shall be charged for fund shares held by investors for 30 days or less than 180 days.

The China Securities Regulatory Commission revised and issued the “Regulations on the Administration of Sales Expenses of Publicly Raised Securities Investment Funds”. The “Regulations” suggest that investors shall be charged a redemption fee of not less than 1.5% of the redemption amount for fund shares held continuously for less than 7 days; a redemption fee of not less than 1% of the redemption amount shall be charged for fund shares that have been held continuously for 7 days and less than 30 days; and no less than 0.5% of the redemption amount shall be charged for fund shares held by investors for 30 days or less than 180 days.