NDRC
China tightens controls on LP participation in offshore funds
China's National Development and Reform Commission (NDRC) has implemented rules that effectively add another layer of approval for LP commitments by domestic investors to offshore private equity funds.
CPPIB to assist China on pension policy reform
Canada Pension Plan Investment Board (CPPIB) has signed an agreement with China’s National Development & Reform Commission (NDRC) to provide assistance to policymakers as they address the challenges presented by an aging population.
NDRC stops registering domestic private equity funds
The National Development and Regulatory Commission (NDRC) is said to have stopped registering for domestic private equity funds, having lost out to the China Securities Regulatory Commission (CSRC) in the battle to become the asset class' preeminent regulator.
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...
Chinese PE regulation: Tug-of-war
The National Development and Reform Commission and China Securities Regulatory Commission have yet to resolve their dispute over private equity oversight. Uncertainty isn't helpful to industry participants
NDRC private equity executive moves to CSRC
Liu Jianjun, a senor official at the National Development and Reform Commission (NDRC) who oversaw the private equity division, has been handed a leading role within the China Securities Regulatory Commission's (CSRC) fund department. The move comes amid...
StarRock to be first China PE firm to enter mutual fund space
China’s sunshine fund StarRock Investment has recently established a mutual fund department, making it the first domestic private equity manager to officially operate in the public fund space.
China PE and mutual funds: Never the twain shall meet
China’s securities regulator has invited domestic PE firms to raise mutual funds, prompting a rival agency to forbid such a move. Regardless, industry participants are uninspired by this opportunity
China's NDRC seeks tighter grip on private equity
China's top planning body, the National Development and Reform Commission (NDRC), has reiterated its call for private equity funds to register with local governments. It is the latest move in an ongoing turf war over the asset class after the Chinese...
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...
Private equity remains unregulated under China’s new fund law
Private equity and venture capital have been omitted from China's revised Securities Investment Funds Law, which comes into effect in June. This means the asset class will remain largely unregulated.
Shanghai allows offshore RMB to participate in private equity
Shanghai has reportedly given a green light for foreign players to invest in unlisted Chinese companies using renminbi capital raised offshore. The Renminbi Qualified Foreign Limited Partner (RQFLP) initiative is part of China’s efforts to promote the...
China's NDRC backs Gobi’s second RMB fund
China’s National Development Reform Commission (NDRC) has invested RMB50 million ($7.9 million) in Gobi Partners' second renminbi-denominated fund. The latest injection takes the Yingzhi RMB Fund to RMB350 million in size.
China considers new rules for private funds
Chinese legislators are reviewing a draft amendment to the Securities Investment Funds Law that would impose new regulations on private equity vehicles. The changes are designed to restrict illegal fundraising and insider trading.
China targets illicit PE fundraising
Horror stories of individual investors being talked into committing capital to suspect private equity funds have prompted regulatory intervention in China. But progress is slow and the road is long.
Chinese regulators poised to clamp down on illegal fundraising
China’s National Development and Reform Commission is looking into domestic private equity firms’ fundraising operations with a view to tightening regulatory oversight on the sector.