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China : CHINA's financial regulator removes minimum IPO volume for self-seeded funds

August 27, 2014

Lowering the barrier for smaller fund houses to release new products, China's financial watchdog has recently removed the minimum IPO volume for self-seeded funds.

As part of recent regulatory reforms, the China Securities Regulatory Commission (CSRC) eliminated the need for self-seeded funds to meet the minimum IPO volume of 200 million RMB (US$33 million) initially, or collect at least 200 investors.

Fund management firms can now establish such a fund as long as it has been invested with at least 10 million RMB.

But, the fund will enter liquidation if it does not exceed 200 million RMB after three years.

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Source: TendersInfo (India)

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