Eleven new influential regulations for Chinese businesses

9 10,000 yuan daily withdrawal limit for T+0 money fund redemption on internet

Starting from July 1, 2018, quick redemption for money fund on the internet will have a 10,000 yuan ($1,529.75) withdrawal limit for those bought and sold on the same day (T+0), according to the China Securities Regulatory Commission and the People’s Bank of China.

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