(Issued by the China Securities Regulatory Commission on, effective as of, September 22 2005.)
(中国证券监督管理委员会于二零零五年九月二十二日发布，自发布之日起施行。)
Fund management companies and fund custody banks:
Circular on Issues Relevant to Investments in Short-term Financing Bills by Money Market Funds
关于货币市场基金投资短期融资券有关问题的通知
The Circular provides for the minimum credit rating of short-term financing bills in which a money market fund invests, while the domestic credit rating shall prevail over international credit rating. The percentage of the investment by a money market fund in the short-term financing bills and short-term corporate bonds issued by one company may not in total exceed 10% of the net value of the fund's assets. If the credit rating of short-term financing bills held by a money market fund drops, the fund shall fully divest itself of such bills within 20 trading days.
By clpstaff | clp articles |