June 1, 2018 / 8:48 AM / a year ago

China regulator says to further regulate money market funds market

SHANGHAI, June 1 (Reuters) - China securities regulator said on Friday it would further regulate the market for money market funds, by limiting daily cash redemptions and better supervising the internet-based distribution of such funds.

The China Securities Regulatory Commission (CSRC) also told a press conference in Beijing that regulators will use China’s MSCI inclusion as a chance to improve rules on foreign investment in China stocks. (Reporting by Zhang Xiaochong and John Ruwitch; Writing by Samuel Shen; Editing by Sam Holmes)

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