© Reuters. A security personnel stands outside the headquarters building of China Securities Regulatory Commission in Beijing
SHANGHAI (Reuters) – China’s securities regulator has asked firms to suppress using borrowed money when participating in secondary private equity positionings, the China Securities Journal reported on Wednesday, pointing out confidential financial investment banking sources. In a recent training session provided by the China Securities Regulatory Commission (CSRC), companies were offered “window assistance” that any firm owning five percent or more of a business ought to not utilize money raised through wealth management platforms or other 3rd party fundraising platforms to subscribe. In addition, CSRC suggested that companies should restrict using banking facilities to their planned usage. According to China Securities Journal’s sources, the purpose of the assistance is to increase transparency in the membership process.
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