China puts ‘important’ money market funds in the crosshairs as they balloon
China this month overtook Europe as the world’s second-largest MMF market after the US. What does this spell for investors of these assets?
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Balances at China’s money market funds (MMF) ballooned in the second quarter of 2022, hitting a record RMB11 trillion ($1.6 trillion), to overtake Europe as the world’s second-largest MMF after the United States.
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