Towards a collective regulatory systems of private equity funds in China: Legislative progress and political challenges

Zhang, C. (2019) Towards a collective regulatory systems of private equity funds in China: Legislative progress and political challenges. European Business Law Review, 30(1), pp. 183-198.

Abstract

Private equity investment funds have been playing an increasingly significant role in the Chinese economy. Owing to the fragmented financial regulatory regime of the country, however, both the official supervision and self-regulation of private equity funds in China are still problematic, which has increased the potential risk in the market. This article investigates the political logic of the ongoing legislative and regulatory reform of private equity funds in China. It also explores a proposal for the legal reform of the Chinese private equity industry with reference to the experience of the United Kingdom and the European Union. It is suggested that a unified financial regulatory system as a fundamental institutional arrangement is a pre-requisite for establishing an effective and efficient regulatory regime for private equity funds in China. This can only be achieved when the political conflict between different regulators in the Chinese bureaucratic system is removed.

• Item Type: Articles
• Keywords: Private equity, financial regulation, Chinese law
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Zhang, Dr Chi
• Authors: Zhang, C.
• College/School: College of Social Sciences > School of Law
• Journal Name: European Business Law Review
• Publisher: Kluwer Law International
• ISSN: 0959-6941
• ISSN (Online): 0959-6941
• Published Online: 09 March 2019
• Copyright Holders: Copyright © 2019 Kluwer Law International
• First Published: First published in European Business Law Review 30(1):183-198
• Publisher Policy: Reproduced in accordance with the copyright policy of the publisher

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