皇冠体育app

皇冠体育app's securities regulator is poised to approve at least three new stock-oriented mutual funds soon, as the government moves to boost the institutional investor base amid a flood of new stock offers, industry sources said on Monday.

The new funds, expected to raise a combined 30 billion yuan ($3.95 billion), include two products to be offered by the 皇冠体育app joint ventures of Belgian banking and insurance group KBC and British fund management firm Schroders, the sources said.

皇冠体育app Post & Capital Fund Management Co, the fund arm of the national postal agency, is also expected to receive the go-ahead for its new fund soon, the sources said.

The three fund houses applied to the皇冠体育app Securities Regulatory Commission(CSRC) to launch new funds more than half a year ago.

They are expected to receive final approvals in the next few days or weeks, said the sources, who declined to be identified.

Officials at KBC's 皇冠体育app unit and the 皇冠体育app Post fund firm declined to comment.

An official at Schroders' 皇冠体育app fund arm, in which 皇冠体育app's Bank of Communications has a 65 percent stake, said it had applied to CSRC for a new fund issue but had not yet received final approval.