China’s asset managers brace for ‘winter’ amid tightened rules on fundraising in yuan

June 18, 2018

Fundraising by private equity and venture capital funds in the first quarter fell 75 per cent on year to US$11.03 billion while the number of funds dropped by 55 per cent to 103 from 228, according to data from CV Source.

Fund managers have voiced gloomy views about the yuan fundraising environment in the coming months, citing rules unveiled in April, including tightened eligibility criteria for qualified investors and a ban on collaboration with commercial banks.

Financial institutions will have until the end of 2020 as a transitionary period before full compliance.  Read more...

Source: South China Morning Post

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