Chinese regulators are considering limiting to one the number of mutual fund firms that companies may own a stake in, down from the two currently permissible, the South China Morning Post reports. The current laws allow a controlling stake in a first company and a smaller stake in a second.

A source told the paper that Chinese regulators are considering the new regulations to give foreign and domestic companies more equitable ownership rights, as foreign firms currently may not own more than 49% of a Chinese mutual fund manager.

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