Corporate mutual funds set to revolutionize Chinese fund industry development.
The corporate fund is seen as a better option than the contractual fund in the Chinese mutual fund industry. The researchers suggest that the corporate fund should be the main policy choice for future industry development. They argue that the corporate fund has more advantages and fewer inherent flaws compared to the contractual fund. To achieve this, they recommend clarifying the legal nature of the corporate fund and balancing the tax burden between the two fund types.