China's top securities regulator, Wu Qing, has urged investment fund managers to prioritize long-term investor returns over sheer scale. He emphasized a shift from "focusing on scale" to "focusing on returns," aiming to curb practices like chasing speculative trends or style drift. The goal is to foster more sustainable, medium-to-long-term gains for investors and enhance the industry's reputation. AI
RANK_REASON Policy directive from a top financial regulator impacting a major industry. [lever_c_demoted from significant: ic=1 ai=0.1]
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