How China's regulatory crackdown is the new normal for private equity

Private equity investors are sitting up and taking note - China’s central government has sent out strong signals that its regulatory crackdown and its pursuit of common prosperity are not passing fads and the changes it makes to the market are here to stay. One sure sign that the financial landscape is changing is that project proposals - which used to contain a mere page or chapter on risk analysis - now include entire separate documents devoted to risk assessments. These are b…