Beijing plans to boost scrutiny of Chinese offshore private equity funds - sources
Hong Kong
CHINA plans to tighten oversight of private equity funds set up outside the country by domestic companies - including the disclosure of investors' identities - to mitigate financial risk and keep tabs on a new wave of offshore fund raising, four people familiar with the matter said.
The intensified scrutiny, however, will likely stymie the flow of money from global and Chinese investors to such offshore funds, which have been raising billions for overseas projects, including Beijing's Belt and Road programme, lawyers and private equity investors said.
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