Tracker fund urged to fix markets

A Hong Kong-style tracker fund to stabilize securities trading was urged upon mainland stock markets by Zhou Zhengqing, a former chairman of the China Securities Regulatory Commission, reported the South China Morning Post. "Our market has been falling for four years. When it was at 1,500, we said we must stop the decline, then at 1,300, and now 1,100," said Zhou, now deputy chairman of the finance and economic committee of the National People's Congress. While welcoming proposal, many in the financial community doubted it would come to pass soon.