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.
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