The China Securities Regulatory Commission issued a draft regulation on private equity (PE) funds for public review, setting the bar for PE participants, the securities regulator said in a statement Wednesday.
The draft policy proposes including currently unregulated PE firms into legal consideration for future supervision, it said.
The draft policy stipulates that PEs and venture capitalists whose assets under management exceed 100 million yuan ($16 million) should register with the fund industry association.
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