China's securities regulator has given the green light for the launch of two new domestic equity funds after a five month block on fund approvals, in a sign that the regulator recognises the vulnerability of the country's stock markets.
Orient Securities and Shenyin & Wanguo Securities are the two brokers that have been given permission to raise new funds. They each will be allowed to raise one fund each, which together will come to a total of almost $1.4bn (â¬961m), to invest in domestic equities, according to Reuters.
