Key Points
The new rules, signed by Premier Li Qiang which comes into effect on September 1, creates a chapter specifically for venture capital funds, as policymakers encourage investment into innovative technology start-ups, said a statement from China's securities regulator and the justice ministry...
The statement addressed media questions about the new rules.. The wide-ranging rules apply to private investment funds with different organisational forms such as contracts, companies and partnerships..
As of May, 22,000 private investment managers had registered with the Asset Management Association of China, managing around 21 trillion yuan in 153,000 funds, the statement said.. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)..
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