China Proposes Rules Regulating Fund Managers’ Own Investments
China published proposed rules to encourage fund-managerment companies to regulate purchases by managers of funds that they or their employers run.
The rules will also allow employees of fund-management companies to invest in closed-end funds using non-stock accounts and cancel time limits on holding money-market and cash- management funds, the China Securities Regulatory Commission said in statement today.
The guidelines will regulate investment by fund-management employees and protect the rights and interests of fundholders, said the CSRC, which seeks public feedback on the proposals.
To contact Bloomberg News staff for this story: Feifei Shen in Beijing at +86-10-6649-7528 or email@example.com
To contact Bloomberg News staff for this story: Feifei Shen in Beijing at firstname.lastname@example.org
To contact the editor responsible for this story: Joshua Fellman at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.