{'fraction_non_alphanumeric': 0.011689691817215728, 'fraction_numerical': 0.0, 'mean_word_length': 5.038461538461538, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Private law and public regulation for investor protection in the asset management industry: Aims and practices in transposing the UK model to China

The paper discusses how asset managers are regulated in the UK to provide investor protection and market confidence. Fiduciary duties and the duty of care in the English common law, statutory laws, the rules of the FCA, and other industry codes are examined to provide an explanation of the UK regulatory approach to the asset management industry. The paper then discusses the extent to which a legal transplant of UK models to China may be feasible in light of the current on-going reforms in the asset management industry in China. Recommendations are made for China to develop an independent asset management industry, to provide more investment outlets for the investors, and to have effective enforcement mechanisms of laws and rules to deliver market confidence and investor protection.