2 stock funds debut to thaw freeze

China's share markets got a much-needed boost on Monday, with two new stock funds going on sale.

China's share markets got a much-needed boost on Monday, with two new stock funds going on sale.

This is after the Jiangxin Fund from CCB Principal Asset Management, and the Nanfangshengyuan fund launched by China Southern received regulatory approval early this month. Nanfangshengyuan is expected to raise 6 to 8 billion yuan. While Jiangxin is estimated to raise 4 to 6 billion yuan.

China's securities watchdog suspended the launch of new funds late last year in an effort to cool down a surging stock market. But the 2 new funds mark an end to a 5 month freeze. Many think this could signal a turnaround for the government. They think it might be trying to boost equity markets that have been tracking downwards in the last few months.