China’s move to expel more than 2,000 investment companies from its opaque private fund market marks just the beginning of a big drive to rid the market of illegal funds, according to a former Chinese regulator.
China’s Securities Regulatory Commission last week embarked on a clean-up of the country’s private fund market amid concerns that the savings of tens of thousands of Chinese citizens could be exposed to fraud.
The CSRC said it had uncovered growing evidence of illegal fundraising and operations like Ponzi schemes in which no real investments are made.
您已阅读24%（563字），剩余76%（1800字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。