Chinese regulator said fund managers must re-apply for their licenses this year
China has moved to tighten up the rules
that apply to asset managers, marking the latest regulatory
change by the country as it looks to open up to international
The Asset Management Association of China
issued this month a Notice of Further Regulating Registration
of Private Fund Managers which seeks to tighten up a regime
introduced two years ago.
AMAC said in a note seen by FOW that there
are some 25,904 non-Chinese firms registered as PFMs under
guidelines that took effect in February 2014.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.