Investment Updates News
- Brokers may invest in private equity
Date: 22-Nov-2007 Sources: (Shenzhen Daily)
DOMESTIC securities brokerages would be allowed to invest as much as 15 percent of their net assets in private-equity deals, the South China Morning Post reported yesterday.
The China Securities Regulatory Commission had started consultations with brokerages about proposed rules for private equity, the Hong Kong-based newspaper said. Under the draft, brokerages may buy as much as 7 percent of a non-public company and hold the stake for as long as three years, the report said.
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