News and developments
AMAC Issued New Guidance on Private Fund Service Business
Authors: James Yong WANG, Shawn Xiao DING
On March 1, 2017, Asset Management Association of China (the “AMAC”) promulgated the
Administrative Measures for Private Investment Fund Service Business (Trial) (the “Administrative
Measures”) which became effective on the same day. The Administrative Measures superseded
the Guidelines on Fund Outsourcing Services (Trial) issued in February 2015 (the “2015 Guidelines”)
and became the new guidelines for institutions that desire to provide various professional services
for private fund within China.