Securities Firms Allowed to Simply Register to Start PE Funds

(Beijing) – A regulator has allowed securities firms to register with Securities Association of China (SAC) instead of applying for its approval to launch private equity funds, a move that fell in line with its recent deregulation efforts.

The new policy has been circulated by the China Securities Regulatory Commission (CSRC) to all securities companies' arms of private equity business and is expected to be announced next month, sources with knowledge of the matter said.