SHANGHAI, Aug 28 Reuters China39;s securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock market struggling for liftoff in an ailing economy.

The move comes on top of a slew of measures to shore up the market, including a stamp duty cut, slower pace of IPOs and lower margin financing requirements.

The newlyapproved funds, which will guide fresh capital into the market, include 10 exchangetraded funds ETFs that track the smallcap CSI 2000 Index and seven techfocused ETFs, according to the China Securities Regulatory Commission CSRC website.

The remaining 20 products are innovative mutual funds that for the first time charge investors floating fees, to be pegged to fund size, performance, or holding period.

The CSRC has vowed to fasttrack ETF approvals, and guide asset managers to lower management and trading fees, along with several other marketfriendly measures.

China39;s bluechip CSI300 Index surged more than 5 at the open on Monday, but is still down roughly 6 from an April peak.

China39;s leaders vowed late last month to boost investor confidence and reinvigorate the stock market the world39;s second largest which has been reeling as the postpandemic recovery flags and a debt crisis in the property market deepens.

In an editorial on Monday, the official China Securities Journal said that recent support measures underline authorities39; determination to stabilise the capital market, whose sound…