China’s securities regulator tightens screws on big money market funds

Shanghai, China. Photo from Pixabay.

China‘s securities regulator published draft rules on Friday to strengthen supervision over major money market funds, a step that could further rein in Ant Group’s Yu’e Bao.

The draft rules will tighten scrutiny over money market funds with a large size or a great number of investors, to protect investors’ interest.

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