Tighter China rules not seen killing off “mini funds”

Fund managers in China deemed to have too many “mini funds”, including bond and money market funds, will have to wait six months to get new products approved, according to new rules that partly reflect the authorities' long-running efforts to wean the economy off debt. But experts believe that a mixture of cultural reasons and nagging redemption concerns will mean that Chinese fund houses and the retail investors still left in these typically sub-Rmb50 million ($7.6 million) funds…