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Several Chinese bond funds have stopped accepting individual investors, as their ownership has become dangerously concentrated after market adjustments following recent high-profile defaults by state-owned companies roiled the country’s bond market.
A total of 13 bond funds are no longer open to investments from individuals, according to financial data provider Choice.
According to a statement by Yingda Anhui Bond Funds on November 19, based on current regulations, the company had decided to stop taking business orders from individual investors to protect its current investors' interest and ensure stable operation of the fund . . .
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