China tightens screws on major money market funds
Written by on January 14, 2022
January 14, 2022
SHANGHAI (Reuters) – China’s securities regulator issued draft rules on Friday to strengthen supervision over major money market funds to better protect investor interests.
The rules would tighten scrutiny over individual money market funds with a large size or a great number of investors, to ensure safety and liquidity of such products, the China Securities Regulatory Commission said on its website.
(Reporting by Samuel Shen and Andrew Galbraith; Editing by Toby Chopra)