Beijing Financial Assets Exchange allows PE funds to be listed
China has implemented a new policy that allows private equity fund positions to be traded on the Beijing Financial Assets Exchange (BFAE), according to the official announcement on its website.
This new approach is apparently the first regulation on private equity funds trading in China, and will add another exit channel for investors. The document regulates trading conduct and protection of each party's legitimate rights and interests. BFAE aims to establish a service platform for the PE industry in China, as well as enhancing PE activity in the country. BFAE-listed assets have reportedly reached RMB48.6 trillion ($7.3 billion), accounting for 82 % of the total financial assets in Beijing, or nearly 48% of the total financial assets in China, according to People’s Daily.
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