China investors flock to money market funds despite record low yield
China investors flock to money market funds despite record low yield
SHANGHAI (Reuters) - Chinese investors have poured cash into money market funds despite falling yields on the low-risk instruments as authorities enact powerful monetary easing to combat the impact of the coronavirus epidemic.China's biggest money market mutual fund, overseen by billionaire Jack Ma's Ant Financial Group, has seen its yield falling to the lowest since it was launched in 2013.Follow more information at>> pgslot
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