Apr 13, 2023 09:27 PM

FINANCE

China Steps Up Oversight of Private Funds as Risky Bond Investments Increase

By Wang Juanjuan and Zhang Yukun

The Asset Management Association of China has set new requirements for private bond fund products. Photo: VCG

The Asset Management Association of China has set new requirements for private bond fund products. Photo: VCG

China’s fund industry group is stepping up supervision of privately offered fund products that invest in bonds, as risk becomes more prevalent in the country’s $21 trillion bond market.

The Asset Management Association of China (AMAC), a self-regulatory group overseen by the country’s top securities regulator, gathered custodians of privately offered funds in an online meeting Tuesday, sources with knowledge of the matter told Caixin.

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