China published a regulation on Sunday concerning the supervision and administration of private investment funds, the country's first administrative regulation on the sector, marking the latest move to safeguard the healthy development of the industry and protect investors.
The regulation, with 62 items in seven chapters, will come into effect on Sept. 1, 2023, the State Council said in a statement.
The regulation aims to encourage the standardized and healthy development of the private investment fund industry, better protect the legitimate rights and interests of investors, and encourage the industry to further play a role in serving the real economy and promoting scientific and technological innovation.
China published a regulation on Sunday concerning the supervision and administration of private investment funds, the country's first administrative regulation on the sector, marking the latest move to safeguard the healthy development of the industry and protect investors.
The regulation, with 62 items in seven chapters, will come into effect on Sept. 1, 2023, the State Council said in a statement.
The regulation aims to encourage the standardized and healthy development of the private investment fund industry, better protect the legitimate rights and interests of investors, and encourage the industry to further play a role in serving the real economy and promoting scientific and technological innovation.
