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CSRC tightens supervision of private equity | Asia Asset Management

China’s financial regulator is tightening supervision of private equity managers, including prohibiting retail investors from investing in their funds, in new measures to safeguard investor interest in the wake of a number of scandals in recent years. The China Securities Regulatory Commission (CSRC) unveiled 14 new measures last week following a month-long industry consultation in September. Apart from barring retail investors from their funds, private equity managers will, among other things, have to bolster transparency of corporate information and formalise reporting of their fundraising activities. The CSRC says private equities managers “have been involved in many wrongdoings in recent years”. It says some managers raise funds from unqualified investors, don’t register their funds, and are even involved in embezzlement and illegal trading.

Directing household savings to equities set to boost capital market

Directing household savings to equities set to boost capital market By SHI JING in Shanghai | China Daily | Updated: 2020-12-24 09:22 Share CLOSE More vibrancy can be expected in the Chinese capital market next year as more household savings gets channeled into investment. [Photo/VCG] More vibrancy can be expected in the Chinese capital market next year as more household savings gets channeled into investment, said experts. The wealth management function of the capital market will help convert more household savings into investment and boost domestic demand, the China Securities Regulatory Commission said in its 2021 work plan announced on Tuesday. Buoyed by the development, the benchmark Shanghai Composite Index rose by 0.76 percent on Wednesday to 3382.32 points, while the Shenzhen Component Index was up 0.96 percent at 14,015.02 points.

China s privately offered funds manage over 15 trln yuan

China s privately offered funds manage over 15 trln yuan
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China s Befor Capital raises $107m via first closings of Fund III, and Fund IV

streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW Singapore Reporter/s In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi

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