China warns Communist Party cadres to stay away from investing in private equity

China's Communist Party cadres have been warned against investing in private equity due to concerns about corruption. Such investments create doubts about officials' integrity and can lead to abuse of power for personal gain. Party officials have been found to set up private equity funds after gaining insider information about companies seeking to go public, resulting in significant profits. The crackdown on corruption within the party has been a key focus for President Xi Jinping, with over 1.5 million government officials brought down in recent years.