Jun 12, 2012 04:18 PM

Tianjin Set to Clean up PE Companies

By staff reporter Wang Ziwu

(Beijing) – The Tianjin Administration for Industry and Commerce is set to clean up private equity firms registered in its Binhai New Area, a source close to the regulator said.

The move targets PE firms that have not been raising funds and not been investing in projects, he said.

This is the latest move by the Tianjin government to implement and improve a regulation published last year.

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