Chinese Regulator Vows to Crack Down on Private Equity Funds
China’s securities regulator said it plans to rein in the country’s private equity and venture capital funds, stop public offerings disguised as private placements and fight embezzlement of assets. The China Securities Regulatory Commission will work to root out “fake” private equity funds that are actually sold to the general public instead of targeted investors, Chairman Yi […]
Private equity firms to scramble for exit after China’s new tutoring rules
China’s move to ban private tutoring firms from making a profit from teaching core school subjects and raising capital is set to trigger a scramble among venture and private equity investors to find an exit after pouring billions of dollars into the sector. While stricter regulations were expected with China looking to ease pressure on children and […]
BlackRock CEO calls for stronger climate finance plan at G20 meet
BlackRock chief executive Larry Fink on Sunday (July 11) called for governments to develop a stronger long-term climate finance plan to unlock the private capital needed to fund the transition to a low-carbon economy. Speaking to The Venice International Conference on Climate at a meeting of G-20 Finance Ministers, he said without such a plan, […]
Irish Funds lauds ‘game-changing’ legislation that could attract up to EUR20bn per year in global private capital
A new Irish financial services bill, which has been in the works for over five years, is expected to create 3,000 jobs by 2025, while attracting up to EUR20 billion per annum in global private capital, says Irish Funds The Investment Limited Partnerships (Amendment) Bill 2020, passed in the Dáil, is set to accelerate Irish […]
