Tianhong Asset Management Co.
, a unit of Jack Ma’s Ant Financial Services Group, said individuals in its flagship Tianhong Yu’e Bao money-market fund will no longer be subject to an investment cap of 100,000 yuan . It first imposed a ceiling on account sizes in May 2017, following a surge in the funds’ assets.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's giant money market fund relaxes investment restrictionsThe world's biggest money market mutual fund, overseen by the Chinese billi...
Read more »