Beijing’s private fund rules have lending loophole: experts

China’s incoming rules to regulate private fund investing could leave a loophole that allows privately-raised fund vehicles to continue investing into credit assets, such as corporate lending. That would run counter to the government's long-running attempts to crack down on the country's shadow lending market. The State Council released draft rules on ‘Interim Measures for the Supervision and Administration of Privately-raised Investment Funds’ on August 30. It is inviting the pub…