Beijing pushes equity fund launches to revive stock market

Beijing pushes equity fund launches to revive stock market

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

Beijing has informally asked some money managers in China to prioritise the launch of equity funds over other products like bond funds, four sources with direct knowledge of the matter said, as authorities scramble to revive its lagging stock market.