Analysis-Chinese fund managers dig deep into own pockets to launch equity funds
In the face of intense pressure from authorities to help revive a sickly stock market, Chinese fund management companies are increasingly launching equity funds that are bankrolled mostly by the firm's own money. China's securities regulator has been nudging fund managers to prioritise the launch of equity products as authorities scramble to revive a stock market plumbing five-year lows. In recent informal guidance, the regulator told some fund managers they needed to launch at least four equity funds before they open any new bond fund, in hopes of propping up the stock market in a...
Source: yahoo.com
