How Amac is cutting China's private funds down to size
The agency is clamping down on private fund firms in this once loosely-monitored sector. In the first of two articles, AsianInvestor considers the impact on the industry.
Singer Hu Haiquan, one half of Chinese soft-rock duo Yu Quan, proudly updated his Weibo followers on April 27 with the results of his fund industry examination. Having passed China’s first mandatory new exam for private-sector investment managers and senior executives, Hu is now a fully registered private equity fund operator.
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