On Sunday, China announced new measures to boost the development of index investment products, its latest effort to revive the ailing equity market, per Bloomberg.

The China Securities Regulatory Commission (CSRC) stated that the government aims to achieve a significant increase in the scale and proportion of index investment in the capital market through efforts over a period of time.  

Market reaction 

At the press time, the AUD/USD pair is down 0.13% on the day to trade at 0.6303.