State Council guidelines target illegal fundraising, weak risk controls and inefficient use of state capital while backing funds aligned with national priorities

China has rolled out its first top-level roadmap for the high-quality development of the private fund sector, underscoring the country's focus on addressing risks in the industry…

BEIJING, June 5 — China today tightened oversight of the country’s 23 trillion yuan (RM13.7 trillion) private fund industry, in a bid to reduce financial risks and channel...

State Council guidelines target illegal fundraising, weak risk controls and inefficient use of state capital while backing funds aligned with national priorities