The State Council has announced plans to: promote the revision of the Securities Investment Fund Law; expedite the issuance of judicial documents for handling criminal cases involving private equity funds; formulate rules for the supervision, information disclosure, fundraising, and mandatory custody of private equity fund managers; introduce regulations to standardize "betting agreements" in private equity funds; and comprehensively build a private equity fund regulatory system with administrative supervision as the mainstay and self-regulation as a supplement.
