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China amends law to regulate private equity funds

Posted on 06 July 2012 by admin  |  Email |Print

China will amend its fund law to start regulating private equity funds, Xinhua News Agency said, citing Wu Xiaoling, vice chairman of the Financial and Economic Committee of the National People’s Congress.
A draft amendment has been submitted to NPC for review, Xinhua said. The amendment aims regulate all kinds of private equity funds and will allow them to invest in the shares of unlisted companies, according to the official news agency. ……………………………………….Full Article: Source

China may let asset managers invest some funds in private equity

Posted on 06 July 2012 by admin  |  Email |Print

China plans to allow asset management companies to invest in private equity with funds from their special-asset management units. The plan is meant to prompt private investment in unlisted companies’ stocks and debt, according to a statement posted on the China Securities Regulatory Commission’s website.
The nation plans to remove allocation restrictions for special accounts’ securities investments. The funds aren’t currently allowed to buy a single stock exceeding 20 percent of their planned net asset value or a single non-stock security exceeding 10 percent. ……………………………………….Full Article: Source

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