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China's leading online shopping platform Taobao has delayed the sale of fund products until late September at the earliest.
The original date had been set for late August.
China Securities Journal reported on Monday that the exact date hasn't yet been decided, as it takes time to get feedback from supervision departments and finish system tests between Taobao and fund companies.
These companies may include Tianhong, Fullgoal and Guotai.
Companies which are fully prepared will be the first to go online.
But there is a concern that if the fund products are sold on Taobao, it will compete with Yu'E Bao, which is regarded as China's first online investment fund aimed at individuals.
More than 1 million people have invested through Yu'E Bao since it was launched in June by China's largest third-party payment platform - Alipay.
