CSRC to regulate Chinese PE, NDRC to promote it – State Council
China’s State Council appears to have resolved the regulatory spat over domestic private equity, designating the China Securities Regulatory Commission (CSRC) as the single agency responsible for the asset class. The National Development and Reform Commission (NDRC), which previously held the PE remit, will help promote the industry and oversee government participation in it.
"The CSRC should be responsible for protecting investors' interests...Two departments have to share information and coordinate," according to a statement approved by the State Council. "Private equity...
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