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Big China fund business banned as shadow-banking clampdown gains pace

Toby Yiu
Minsheng Royal Asset Management, the mainland's second biggest segregated-account subsidiary, has received a six-month ban, as Beijing starts consulting on tighter capital rules.
Big China fund business banned as shadow-banking clampdown gains pace

Two moves announced on Friday by the Chinese authorities – one involving the mainland's second biggest segregated-account (SA) fund subsidiary – have seen Beijing continue its recent clampdown on shadow-banking activities. 

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