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HomeWorldChina pushes equity fund launches to support stock market | Reuters News...

China pushes equity fund launches to support stock market | Reuters News Agency


Business & Finance

Reuters exclusively reported that Beijing has informally asked some money managers in China to prioritise the launch of equity funds over other products like bond funds, as authorities scramble to revive its lagging stock market. 

Market Impact

In 2023, 334 new equity funds were launched in China, down 22% from 2022 and 49% from 2021, according to data from Shanghai-based Z-Ben Advisors, a funds industry consulting firm. The proceeds raised by these funds also dropped 39% and 89% from 2022 and 2021, respectively, to 137.5 billion yuan ($19.18 billion). 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceFinancial Services

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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