14 November 2018

Shanghai bourse issues rules on LOF trading, paper says

The Shanghai Stock Exchange has issued rules on the trading of listed open-ended funds (LOF) and hierarchical funds, Shanghai Securities News reported Wednesday. The rules cover subscription, redemption, transaction and custodian services as well as splits and consolidation of hierarchical funds, the report said. Several fund firms have applied with the China Securities Regulatory Commission to list such funds.

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