Main contents: To engage in the direct investment business, securities companies shall establish a subsidiary (Direct Investment Subsidiary). Direct investment business shall be conducted by the subsidiary (Article 1). Such subsidiary is permitted to engage in the following businesses:
China Securities Regulatory Commission, Guidelines for Regulation of the Direct Investment Business of Securities Companies
中国证券监督管理委员会证券公司直接投资业务监管指引
Securities brokerages allowed to set up PE funds targeting institutional investors.
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