The Impact of the Regulation on the Supervision and Administration of Private Investment Funds

August 01, 2023 | BY

Susan Mok

James Yong Wang and Ziyang Li from Jingtian & Gongcheng examine an unprecedented and significant new Regulation which represents the beginning of a new stage for the private investment fund industry in China

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Summary

  • For some time, private investment funds have been supervised and under a complex system of laws, regulations and opinions
  • This has led to uncertainty, poor performance and in some cases lack of compliance
  • A new Regulation promulgated by the State Council aims to clarify the definition of relevant funds and dramatically streamline the regulatory framework
  • The Regulation also paves the way for the issuance of more detailed rules with the goal of continuous improvement of this industry