Shanghai suspends fund firm registrations after shutdowns

Apr 7, 2016

Shanghai has followed Beijing in halting new registrations of investment firms after the closure and investigation of Wealthroll Asset Management for alleged illegal fundraising.

Shanghai suspends fund firm registrations after shutdowns

Another case of illegal fundraising in China emerged on Wednesday, prompting Shanghai’s local government to cease new registrations for investment firms, following a similar move by the Beijing authorities in January.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]