China CSRC issues guidelines to strengthen risk management in private investment funds, accoring to a statement

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China CSRC issues guidelines to strengthen risk management in private investment funds, accoring to a statement

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  • China will crack down on illegal fund-raising, embezzlement, misappropriation, illegal cross-border fund flows and private equity funds’ participation in illegal fund-raising
  • It will also push forward revisions to the Securities Investment Fund Law
  • Will strictly prohibit private funds from irregular lending and “nominal equity, actual debt” activities

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