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Real-time News
On December 31, the China Securities Regulatory Commission (CSRC) revised and issued the "Regulations on the Management of Sales Fees for Publicly Offered Securities Investment Funds." The regulations stipulate that for equity funds and mixed funds, the sales service fee should not exceed 0.4% of the funds assets per year; for index funds and bond funds, the sales service fee should not exceed 0.2% of the funds assets per year; for money market funds, the sales service fee should not exceed 0.15% of the funds assets per year; for other funds, the fee standards can be agreed upon with reference to the above fee levels. Except for money market funds and other funds approved by the CSRC, sales service fees shall not be charged to fund units held by investors for more than one year.On December 31, the General Office of the Shanghai Municipal Peoples Government issued the "Interim Measures for the Management of Flight Safety of Civil Unmanned Aerial Vehicles in Shanghai." The measures clarify that owners and users of civil unmanned aerial vehicles must register their information under their real names in accordance with the relevant provisions of the "Interim Regulations on the Management of Unmanned Aerial Vehicle Flights" and the "Shanghai Municipality Implementation Measures of the Anti-Terrorism Law of the Peoples Republic of China." According to the regulations, the use of civil unmanned aerial vehicles for commercial flight activities, as well as the use of small, medium, and large civil unmanned aerial vehicles for non-commercial flight activities, must be insured with liability insurance in accordance with the law.On December 31, Li Qiang chaired an executive meeting of the State Council, which reviewed and approved the "Draft Amendments to the Implementation Regulations of the Drug Administration Law of the Peoples Republic of China." The meeting pointed out that timely revisions to drug administration and supervision laws and regulations in accordance with changing circumstances are of great significance for ensuring the safety of medication for the public and promoting the healthy and orderly development of the pharmaceutical industry. It is necessary to improve the drug research and registration system, accelerate the review and approval of breakthrough therapeutics, and continuously stimulate the vitality of industrial innovation. It is also crucial to strengthen quality supervision throughout the entire supply chain and process, and severely crack down on illegal and irregular activities in the pharmaceutical field.December 31st - The US dollar is poised for its biggest annual drop in eight years, with investors saying it could fall further if the next Federal Reserve chairman chooses to cut interest rates as expected. Following its plunge after Trump announced a series of tariffs in April, the dollar faces continued pressure as the government actively pushes for the appointment of a dovish Fed chairman next year. Nomura Securities currency strategist Yusuke Miyairi stated, "The biggest factor affecting the dollar in the first quarter will be the Federal Reserve. This isnt just about the January and March meetings, but about who will be the Fed chairman after Powells term ends."On December 31, Li Qiang chaired an executive meeting of the State Council, which reviewed and approved the draft "Water Supply Regulations." The meeting pointed out that water supply is a vital public service, affecting every household. It is essential to uphold the principle of integrated urban and rural development, promoting the coordinated development of urban and rural water supply, and striving to build a standardized system covering the entire chain from water source to tap. It is necessary to achieve complementary water sources according to local conditions, strengthen support for the upgrading and renovation of water supply networks, and ensure the daily maintenance of terminal facilities such as pressure regulation and storage facilities to guarantee water quality safety. Water supply units must be urged to strictly implement laws and regulations, conduct standardized and professional operations, and continuously improve the level of water supply management and services.
