New Third Board Tightens Rules for Private Equity Funds

(Beijing) – The national market for the exchange of shares in non-publicly traded companies has tightened requirements for the listing of private equity funds, and the change will also affect funds that are already trading on it, according to a recent regulation.

Firms managing private equity funds applying for a listing must have been in operation for at least five years and completed at least one investment project, according to a statement posted by the National Equities Exchange and Quotations (NEEQ) on its website on May 27.