China approves 37 retail funds to help revive market

SHANGHAI (Reuters) – China’s securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock market struggling for lift-off in an ailing economy.

The move comes on top of a slew of measures to shore up the market, including a stamp duty cut, slower pace of IPOs and lower margin financing requirements.

The newly-approved funds, which will guide fresh capital into the market, include 10 exchange-traded funds (ETFs) that track the…