China will impose tighter regulation on “systemically important” money-market mutual funds, potentially forcing Ant Financial’s popular fund to de-risk its portfolio and reduce yields for investors.
MMFs have exploded in popularity in recent years, as Chinese investors seek high-yielding alternatives to bank deposits. Total assets reached Rmb5.48tn ($848bn) at the end of June, according to data from Wind Information.
But analysts warn that even as Chinese investors shift en masse from bank deposits to MMFs, the funds are not subject to the same capital and liquidity regulations as banks.
您已閱讀17%（594字），剩餘83%（2891字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。