Exchange Rate: The prices under the Contract shall be calculated in RMB, and Party B shall pay the rental of the Premise, the management fee, advertising fee, overtime air-conditioning fee and other fees (hereinafter referred to as “such fees”) in RMB unless Party B is an overseas registered institution or an overseas registered institution’s representative office in China in which case Party B may pay such fees in USD.
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The European Union already regulates such fees on cross-border transactions.
欧盟已经在跨境交易费方面实施监管。
That such fees endure might suggest investors can identify outperforming fund managers in advance.
能忍受如此高昂的费用也可能表明投资者能够事先就认出表现出众的基金管理人。
This retrocession is taken out of the annual fee, pushing such fees higher and reducing clients’ returns.
这个交还来自于年费，也驱使费用更高并且减少了投资者的回报。
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