Proposed new rules to contain risks in China's $2.9 trillion private fund sector have triggered concern that regulators are interfering too much in how funds are run, hampering managers' ability to execute their investment strategies.
Caixin
China's proposed curbs on private securities funds spark controversy
Draft rules raise concerns over freedom to execute investment strategies
An electronic board in Shanghai gives stock market information. Draft Chinese guidelines in late April targeted private funds that invest in securities including bonds and listed stocks. © Reuters
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