Chinese mutual fund houses are responding to government calls for reform by lowering fees on their exchange-traded fund (ETF) products in order to support the nation"s $10 trillion stock market.

Major firms, such as China Asset Management Co. and E Fund Management Co., have announced significant fee reductions. Management fees for certain equity ETFs will be reduced from approximately 0.5% to 0.15%, while custodian fees will be halved from their previous rate to 0.05%. These actions are part of broader efforts by Beijing to stimulate market activity and boost investor confidence in the face of ongoing economic challenges.