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Chinese regulators approve two self-seeded funds, 14 more await approval

The China Securities and Regulatory Commission (CSRC) has approved the first batch of self-seeded funds to better investor protection by aligning their interest with that of the fund companies. Under the CSRC regulations, in order to qualify for a self-seeded fund, a fund must have a minimum size of RMB50 million (US$7.85 million) of which more than RMB10 million (US$1.57…

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