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China Proposes Rules Regulating Fund Managers’ Own Investments

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April 20 (Bloomberg) -- China published proposed rules to encourage fund-management 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 fshen11@bloomberg.net

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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