Home Business The largest city in China begins to organize the mysterious fund market

The largest city in China begins to organize the mysterious fund market


The market regulator of Shanghai, China’s most populous city and the country’s economic capital, recently issued regulations to regulate the shadow fund market.

Mysterious or blind chests provide a random element when opened and are very popular with young people.

According to the city market regulator, the price of the mysterious box will be set at no more than 200 yuan (about $ 31.5), citing the Chinese agency “Xinhua”.

The regulation also stipulates that sellers must not sell these boxes to children under the age of eight, or go overboard and speculate.

Sources at shadow fund company Popmart have expressed support for the regulations and said the company will work with the regulator to explore possible detailed programs.

The new move comes after the China Consumers Association recently released a statement in which noted that the new package in the fast food KFC, in which he offered gift boxes in limited edition, caused an irrational and excessive purchase of food.

The association claimed that this sales strategy violated public order, good habits and the spirit of the law.

Over the past year, mysterious chests containing token NFT, unique data stored in a digital ledger that are not fungible and can be sold, have proliferated and buyers are willing to pay a fixed price for the box without knowing its contents until opening it.

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