"China Initiates Equity Fund Launches to Bolster Stock Market, Sources Reveal"

The China Securities Regulatory Commission (CSRC) has informally directed some of China's largest mutual fund managers to focus on launching equity funds to support the struggling stock market. Despite various measures to boost the economy, investor confidence remains low due to issues like the property sector crisis. Equity fund launches have decreased significantly in recent years, and it's uncertain if the new guidance will encourage investment amidst market downturns. The CSRC has also been implementing reforms to reduce management fees in the funds industry.