SHANGHAI : Chinese private funds have been losing their licenses at a faster pace this year than in 2022, data shows, as regulators tighten scrutiny on the $2.9 trillion industry to curb operational irregularities. The number of private fund deregistrations, both voluntary and forced, reached 2,035 from
SHANGHAI : Chinese private funds have been losing their licenses at a faster pace this year than in 2022, data shows, as regulators tighten scrutiny on the $2.9 trillion industry to curb operational irregularities.
Private funds in China include hedge funds such as Bridgewater Investment Management Co Ltd, and private equity and venture capital funds.Three-quarters of this year's deregistrations took place in January. Such irregularities include incorrect or incomplete information disclosure and not having fund products under management for over a year.
The rise of fund deregistrations this year also comes against the backdrop of weak investment performance and tough fundraising environment.
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