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China State Council: Strictly Prohibits Private Equity Funds from Engaging in Illegal Lending, “Equity in Form, Debt in Substance” and Other Activities


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China State Council: Strictly Prohibits Private Equity Funds from Engaging in Illegal Lending, “Equity in Form, Debt in Substance” and Other Activities

The General Office of the State Council has issued guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private investment …

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