Unprecedented regulation of China’s privately offered funds officially ‘elevates’ US$3 trillion sector critical to the economy, tech innovation | South China Morning Post
![Unprecedented-regulation-of-Chinas-privately-offered-funds-officially-‘elevates-US3-trillion-sector-critical-to-the-economy-tech-innovation-South-China-Morning-Post.jpg Unprecedented regulation of China’s privately offered funds officially ‘elevates’ US$3 trillion sector critical to the economy, tech innovation | South China Morning Post](https://dlit.co/wp-content/uploads/2023/07/Unprecedented-regulation-of-Chinas-privately-offered-funds-officially-‘elevates-US3-trillion-sector-critical-to-the-economy-tech-innovation-South-China-Morning-Post-578x246.jpg)
‘Milestone’ rules governing China’s private investment funds officially acknowledge an industry that is playing an increasingly important role in supporting the economy and tech innovation, fund managers and analysts said.