While private fund investment in China has ballooned into a 20 trillion yuan ($2.9 trillion) beast, risks have grown, prompting authorities to curb the industry's rampant growth.
Caixin
Regulators tighten grip on China's $2.9tn private fund industry
Rules starting in May will increase registration requirements amid fast growth
New measures regulating China’s private funds will quintuple some of the upfront capital requirements for establishing a fund.
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