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China sets wide-ranging rules for $2.9 trln private investment funds

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Published Jul 09, 2023 05:49AM ET © Reuters. FILE PHOTO: Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo USD/CNY -0.40% Add to/Remove from Watchlist BEIJING (Reuters) – China published regulations on Sunday for the country's $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. The new rules, signed by Premier Li Qiang and effective on Sept. 1, create 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….

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