Changjiang Securities Pacific Securities and Guotai Junan Securities Co

equity investment funds: Brokerages including Guotai Junan Securities Co, Changjiang Securities and Pacific Securities said they would increase the size of their equity investment funds to 20 percent of net assets, up from 15 percent currently, according to Euro News. The announcements follow a joint statement issued late on Monday by China major institutions charged with supervising financial markets which encouraged listed firms to merge, offer cash dividends, and buy back shares to support the market. The estimates by the Journal followed Tuesday announcement by several Chinese brokerages that they would increase the size of their proprietary trading as weeks of turmoil in mainland markets showed little sign of abating. An editorial in the English-language China Daily said on Wednesday the move would help the stock market and economy in the long term. But in terms of expediting the reform of state-owned enterprises and promoting healthy development of the stock market, the move to increase cash dividends for Chinese shares was long overdue. This move is not ostensibly aimed at restoring value to the stock market any time soon, it said. (news.financializer.com). As reported in the news.