Analysis: China’s Private Fund Disputes Spur Calls for National Registry

When investor Zhang went to court to defend his stake in a private fund, he presented a stamped partnership agreement, bank transfer records and reports from the fund’s general partner (GP).

Yet a competing claimant produced a printout from the National Enterprise Credit Information Publicity System (NECIPS) showing Zhang did not appear as a partner. The GP had never registered Zhang’s name on the business registration records.