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China approves three funds to counteract falling stock market



  China’s securities regulator has approvedthe issue of three new funds, an apparentmove to shore up the failing domestic equitymarket, the China Securities RegulatoryCommission (CSRC) told Xinhua on March14th.
  The CSRC gave green lights to onestock fnnd managed by New Century FundManagement Co.. Ltd. and two hybridfunds managed respectively by Lion FundManagement Co., Ltd. and ChangshengFund Management Co., Ltd.

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