Circular on Issues Relevant to Investments in Short-term Financing Bills by Money Market Funds
关于货币市场基金投资短期融资券有关问题的通知
The Circular provides for the minimum credit rating of short-term financing bills in which a money market fund invests, while the domestic credit rating shall prevail over international credit rating. The percentage of the investment by a money market fund in the short-term financing bills and short-term corporate bonds issued by one company may not in total exceed 10% of the net value of the fund's assets. If the credit rating of short-term financing bills held by a money market fund drops, the fund shall fully divest itself of such bills within 20 trading days.
(Issued by the China Securities Regulatory Commission on, effective as of, September 22 2005.)
(中国证券监督管理委员会于二零零五年九月二十二日发布，自发布之日起施行。)
Fund management companies and fund custody banks:
With a view to further regulating the investment operations of money market funds and promoting the healthy development of money market funds, and pursuant to such relevant laws and regulations as the Securities Investment Funds Law, the Measures for the Administration of Securities Investment Fund Operations, the Tentative Provisions for the Administration of Money Market Funds, etc., we hereby notify you on issues relevant to investments in short-term financing bills by money market funds as follows:
各基金管理公司、基金托管银行：
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