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flag Chinese fund companies slash ETF fees to boost competition in the $400 billion market.

flag Major Chinese fund companies have significantly reduced fees for equity exchange-traded funds (ETFs) to spur competition in the rapidly growing $400 billion market. flag These cuts, dropping management fees from 0.5% to 0.15% and halving custodian fees, follow the Chinese securities regulator's push for fee reform and index investment. flag The move aims to attract more investors, especially as ETFs have outperformed active funds this year, gaining 16% compared to the 3% increase of active equity funds.

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