China sets up fund to protect stock investors – Reuters

From Reuters, via China Daily:

China has launched a stock rescue fund, which will focus on compensating investors and helping brokerages that run into problems, one of a raft of measures designed to buoy the nation’s sickly stock markets.

Money for the fund will come from a small portion of stock trading commissions from the Shanghai and Shenzhen stock exchanges, as well as brokerages, according to rules governing the use of the fund published in official newspapers on Thursday.

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