An overview of the private funds industry in China has been saved
An overview of the private funds industry in China
The term private funds used to be quite confusing in China as it only refers to the fund-raising channel without specific reference to the asset type the funds will be invested in. In general, private equity funds, venture capital funds, and private funds focusing on investments in secondary markets for bonds and stocks can be all loosely referred to as private funds. Part of the confusion stemmed from the complex regulatory regime, as private equity funds and venture capital funds were primarily registered with and regulated under the guidance provided by the National Development and Reform Commission, while private funds focusing on investments in secondary market instruments were regulated under the “Trust Act”, coupled with regulatory framework guidance provided by the China Securities Regulatory Commission (“CSRC”).
Performance magazine issue 26, May 2018
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.