Mutual fund meltdown: Chinese investors flee stocks as closures hit five-year high
Nearly 240 local funds were liquidated in 2023, marking the highest number since 2018's regulatory shakeup, according to Bloomberg data.
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China reverses course: lifts stock net-selling ban on mutual funds, raising concerns
Sources with direct knowledge revealed that the China Securities Regulatory Commission (CSRC) has lifted the late-2023 ban on mutual funds selling more shares than they buy each day.