China private equity funds suffer wave of closures

Crackdown on financial risk stifles fundraising as fraud cases proliferate. Chinese alternative asset managers have become the latest casualty of the country’s crackdown on debt and financial risk, with a record number of private equity and hedge funds dissolving in recent months as new regulations limit their fundraising. In the first six months of this year, the Asset … https://on.ft.com/2KxRZ0y

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