Asian Investor is reporting that China's State Council is issuing four new licenses to private-equity firms for onshore investments. And China's National Development & Reform Commission (NDRC) says it is forming a task force to draft rules that will "formally recognize and regulate private-equity investments in China."

According to AI the four include "a water utilities fund, an industrial-focused fund for China's northeast, a Tianjin shipping industry fund, and another invested in urban infrastructure."

The AI report said that the NDRC's new rules will "introduce market-based principles and encourage sustainability in the industry's development." It will also streamline the approval process, regulatory powers, and list requirements for investors and investment managers coming to the industry.

You can read their whole article here.


© SusanneK