TREE NEWS update: On Sept 4, China’s securities regulator issued draft rules on private fund fundraising supervision, clarifying individual qualified investor criteria: at least two years of investment experience or senior management roles, and household financial assets of at least 5 million yuan, or net household financial assets of 3 million yuan, or average annual income of 500,000 yuan in the past three years.
China CSRC Clarifies Qualified Investor Rules for Private Funds
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