The Chinese authorities have moved to address outstanding investor concerns over access to the mainland interbank bond market by issuing guidance and rules on capital remittance.
Proposed capital rules for the $1.5 trillion fund subsidiaries segment are tougher than expected, as Beijing further turns the screw on the domestic investment and shadow-banking sectors.
China’s leading private equity firm has applied to the securities regulator for a mutual fund licence. The move has highlighted the trend of PE managers attempting to tap growth from retail investors in China.