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 while enhancing its role in supporting technological innovation.

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