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Ltd. by a fund run by a well-known Chinese private equity (PE) group hit the headlines recently as news emerged of an ongoing lawsuit against the firm and the trust company whose financial product was the vehicle for the investment.. A group of aggrieved investors is suing the firm Education in China - WENRDec 17, 2019 · This exam used to be called the General Examination for High School Students (huikao or joint exam) across most of China, but it has been phased out in recent years and will soon be completely replaced with the Academic Proficiency Test (APT, xueye shuiping ceshi) in all jurisdictions. 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