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China curbs money market funds, among them Ant's Yu'e Bao

Move aimed at ensuring liquidity of investments and lowering risk

As of Sept. 30, Tianhong Yu'e Bao had 764.6 billion yuan in assets under management and more than 50 million investors.    © AP

China's securities regulator strengthened supervision of major money market funds under draft rules published on Friday in a move that could affect the largest such fund managed by Ant Group.

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