Fons' Fund - China's mutual funds heading for a pause

The Asian Investor suggests today that China's stock exchange regulator, the China Securities Regulatory Commission(CSRC), might be heading for a pause in admitting new mutual funds on the market. One of the ideas was to look at new products appearing on the market.
A few of the succesful mutual funds, for example those of Boshi Fund (now called Bosera Funds) and the China Merchant Bank, have been able to reduce losses when the stock market was heading south and have made huge gains over the past year, as the market went up. Problem is now that they are rather expensive to join, so, looking for new products with companies that have already a good reputation would be an alternative.
Perhaps not at the short term.

Update: China Knowledge has a similar story with a few different details.