Fitch: Investors flee China money market funds in second quarter

Mainland money market funds (MMF) saw a 40 per cent plunge in assets under management during the second quarter of the year as volatile conditions in the fledgling interbank lending market triggered a flood of redemptions, according to analysts at ratings agency Fitch.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1291648/fitch-investors-flee-china-money-market-funds