China Securities Regulatory Commission, Tentative Measures for the Regulation of Private Investment Funds (Draft for Comments)

Issued: July 11 2014

Main contents: According to the Draft, a qualified investor is an entity or individual that invests not less than Rmb1 million in any one private fund. Furthermore, such investors as social security funds and enterprise annuities are deemed qualified investors. Also, the Draft specifies that the scope of investment of a private fund includes the trading of stocks, equity, bonds, options, futures, fund units and other subjects of investment jointly agreed upon by the investors.