China sets wide-ranging rules for $2.9-trillion private investment funds

China sets wide-ranging rules for $2.9-trillion private investment funds

FILE PHOTO: Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo

China published regulations on Sunday for the country’s $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation.