Chinese Money Market Funds Shrink Following Reform


Reuters: China's giant money market fund relaxes investment restrictions
Reuters: China's money market funds shrink at end-March as curbs bite
The combined size of China’s money market funds shrank by 6 percent in March from February, suggesting regulators’ efforts to rein in the sector’s feverish growth has started to show results.

The monthly fall follows a doubling in net assets during the previous year, which prompted regulators to impose curbs amid concerns that rapid growth in some money market funds could lead to systemic risks in case of massive redemptions.

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