China OKs Second Pilot Trading Platform for Shares in Venture Capital Funds

What’s new: The China Securities Regulatory Commission (CSRC) has approved a pilot program in Shanghai for a trading platform to enable share transfers by venture capital (VC) and private equity (PE) funds, a step that aims to broaden exit channels for early- and late-stage investors.

The trial at the Shanghai Equity Exchange will be China’s second, following the launch of a similar pilot in Beijing in December 2020.