China’s CSRC issues draft regulation on PE supervision
China’s securities regulator has issued draft rules that impose greater oversight on domestic private equity funds. The proposals, and in particular the watchdog role to be played by the Asset Management Association of China (AMAC), represent another move in the ongoing regulatory turf war over the asset class.
While the National Development and Reform Commission (NDRC) is currently responsible for renminbi-denominated private equity funds, the CSRC has been encroaching upon its territory. Earlier this year,...
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