Dec 27, 2013 06:40 PM

Regulator Has Eyes on Popular Online Investing, Sources Say

By staff reporter Yang Lu

(Beijing) – The China Securities Regulatory Commission (CSRC) has been mulling measures governing the e-sales of investment funds, sources with knowledge of the matter say.

Virtual stores touting high-yield funds have been extremely popular with retail investors this year because they promise returns much higher than bank deposits, with some exceeding 10 percent. The benchmark interest rate for a one-year deposit is of 3.25 percent.

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