China tightens scrutiny on $12.5 trillion fund industry

August 30, 2021 2:58 PM

SHANGHAI (REUTERS) – China’s top securities regulator pledged on Monday to crack down on mismanaged private funds and weed out fake ones, as the government becomes more assertive in dealing with an industry worth 60 trillion yuan (S$12.5 trillion).

Source : http://www.straitstimes.com/business/banking/china-tightens-scrutiny-on-125-trillion-fund-industry

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