Asset Management Association of China, Guidelines for the Operation of Private Securities Investment Funds (Draft for Comments)

中国证券投资基金业协会私募证券投资基金运作指引 (征求意见稿)

June 02, 2023 | BY

Susan Mok

AMAC sets out offering and existence thresholds for private securities investment funds

Issued: April 28, 2023

 

Main contents: [Offering and Existence Thresholds] The initial paid-in offering proceeds of a private securities investment fund shall not be less than RMB 10 million. It shall be expressly specified in the fund contract that where the net asset value of a private securities investment fund falls and remains below RMB 10 million for 60 consecutive trading days, such fund shall enter into a liquidation procedure, unless the change in net value is due to market fluctuations (Article 5).

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