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China tightens screws on major money market funds By Reuters

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China tightens screws on major money market funds By Reuters

© Reuters. FILE PHOTO: A surveillance camera is pictured outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang

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.
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