You are here

China money market funds expose cracks in banking

Banks, faced with credit crunch, rely on these funds for short-term liquidity
Wednesday, March 19, 2014 - 06:00

THE explosive growth of an online money market fund launched by the Alibaba Group last summer has exposed the cracks in China's banking system as regulators attempt to wean the country's banks off cheap money. The Yu E Bao fund, now the country's largest with more than 500 billion yuan (S$102.4

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom