China, Under CSRC, Intensifies Fund Firms Oversight with Surprise Inspections

China has intensified its oversight of fund companies by initiating surprise inspections across several leading public funds. This move, as reported by 21st Century Business Herald and Chinese newspapers, marks a significant shift from previous regulatory practices, aiming to target market manipulators more effectively. The local securities regulatory bureaus, under the guidance of the Chinese securities regulator CSRC, have conducted these on-site inspections in multiple cities, highlighting the government's increased efforts to supervise the financial sector.