A spokesperson for the China Securities Regulatory Commission (CSRC) answered reporters' questions regarding the "Guiding Opinions of the General Office of the State Council on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of Private Equity Investment Funds": The CSRC will improve the institutional system, focusing on addressing shortcomings in rules regarding information disclosure, fundraising, and custody, and build a comprehensive regulatory system for private equity funds. It will implement categorized and tiered supervision, strengthen the ability to conduct thorough investigations and uncover leads, and severely crack down on illegal activities. The CSRC will strengthen the standardized management of state-owned assets funds, ensuring they adhere to their functional positioning and preventing mismanagement, loss of control, and the loss of state-owned assets.
