@luminousqusar
December 08, Monday
Top-level voices:
China Real Estate News published an editorial stating that the stabilization trend in the real estate market is gradually improving, but moving forward still faces considerable challenges and pressures.
Overall sentiment:
Over the weekend, the new Administrative Measures for Mutual Fund Companies were released. The most important institutional innovation is that fund sales must prevent scale-oriented incentives, and the weight of client profit-and-loss indicators must be no less than 50%. This practice of evaluating sales performance based on post-sale client outcomes is a very bold innovation globally
— it's like holding pharmaceutical sales representatives responsible if the patient doesn't get better after the drug is sold to the hospital, rather than blaming the doctor.
Of course, the confidence to implement such institutional innovation comes from the fact that the stock market has remained stable at a high level over the past year.
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