Crunch Escalates as Money Funds Rival Shadow Banks: China Credit

A doubling in China’s money-market funds in the past six months is draining bank deposits and raising the risk of financial failures during cash crunches, according to Fitch Ratings. The assets under management of such plans surged to a record 737 billion yuan ($122 billion) on Dec. 31 from 304 b…

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Crunch Escalates as Money Funds Rival Shadow Banks: China Credit

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