Chinese probe uncovers irregularities in one-third of local GPs
Nearly one-third of domestic private equity firms inspected by China’s securities watchdog in the first half of this year were found to have irregularities, prompting the regulator to reaffirm its intent to further step up scrutiny of the industry.
The China Securities Regulatory Commission (CSRC) looked into 4,374 funds with a combined RMB2.08 trillion ($301 billion) in assets under management, accounting for around 17% of the total capital held...
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