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AMAC chairman speaks out on private fund sales suspension

The chairman of the Asset Management Association of China (AMAC) has spoken out on the suspension of private fund sales by some distributors due to confusion over regulators’ latest know your client (KYC) requirements. Speaking at a private equity conference hosted by the Zhejiang government in Hangzhou on Saturday, Hong Lei, chairman of AMAC, said he understood the concerns of the…

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