The China Securities Regulatory Commission (CSRC) has announced a broad set of measures aimed at strengthening oversight of the country’s roughly RMB23tn (about $3.4tn) private investment fund sector, according to a report by Reuters.
The move comes as authorities step up efforts to reduce financial risks and steer more capital toward strategic industries such as technology.
The CSRC said the new framework will raise entry standards for private fund registration, intensify enforcement against un...
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