Beijing’s private fund rules have lending loophole: experts
Beijing's new draft rules for private funds do not mention regulating these products' investing into non-standard assets, which could let them conduct corporate lending, said observers.
China’s incoming rules to regulate private fund investing could leave a loophole that allows privately-raised fund vehicles to continue investing into credit assets, such as corporate lending. That would run counter to the government's long-running attempts to crack down on the country's shadow lending market.
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