China regulator vows support for PE-VC firms, overseas listings

China regulator vows support for PE-VC firms, overseas listings

FILE PHOTO: A Chinese flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

An official from China’s securities regulator said on Wednesday that China will boost the development of private equity (PE) and venture capital (VC) funds, but the firms have to be compliant.