New rules tipped to hit China mutual fund volumes
Guidelines issued on Friday aimed at curbing the growth of mutual funds tailored for individual – or small groups of – institutional clients have come earlier than some expected.
Tighter Chinese rules governing institutional investment in mutual funds – issued on Friday, earlier than many expected – look set to put a further dampener on the domestic mutual fund market. But they are also tipped to drive improvements in the industry in the longer term.
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