China plans to strengthen hedge fund regulation? Fund Industry Association: Unreal Scale | Fund | Hedging
Q: Recently, foreign media reported that China plans to strengthen hedge fund regulation, and the draft rules that will take effect as early as September will impose a minimum asset size limit of 10 million yuan on Chinese hedge funds. May I ask if the Fund Industry Association has any comments?
Answer: The above report is not objective or true. Starting from September 1st this year, the State Council issued the Regulations on the Supervision and Administration of Private Investment Funds, but the Regulations do not provide specific provisions for the minimum size of funds.
On February 24th of this year, the association issued the "Registration and Filing Measures for Private Investment Funds" and supporting guidelines, which have been implemented since May 1st. In order to ensure an orderly transition between new and old rules and reduce the impact on existing private equity fund products, the Measures, in accordance with the principle of separating old and new, still handle registration, filing, and information changes that have been submitted for processing before implementation in accordance with the original rules.
In recent years, the basic regulatory system for private equity fund regulation has been increasingly improved, and the private equity fund industry has entered a new stage of high-quality development, presenting a healthy development trend. The association will continuously improve industry rules, strengthen daily self-discipline management, and promote the optimization of policy environment.
On April 28th this year, the association publicly solicited opinions on the "Guidelines for the Operation of Private Securities Investment Funds". At present, the Guidelines are still in the stage of opinion compilation, and the association will fully absorb industry opinions to improve the Guidelines.
