China tightens domestic private fund supervision
The Asset Management Association of China (AMAC), a self-regulatory organization for the PE industry set up by the securities watchdog, has tightened rules on domestic fund managers’ registration, with a view to cracking down on financial scams.
The industry body said in a statement that it will revoke the registration of new private fund firms if they don't launch actual products within six months of registration. For those that have been registered...
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