On March 1, 2018, the Administrative Measures for Outbound Investments by Enterprises (“Circular 11”) issued by the National Development and Reform Commission (the “NDRC”) went into effect. In addition to regulating direct...more
On June 30, 2016, the Asset Management Association of China (“AMAC”) released the Q&A Regarding Registration and Filing of Private Funds (No. 10) (“Q&A No. 10”), which confirmed that both wholly foreign-owned and...more
8/5/2016
/ Asset Management Association of China (AMAC) ,
China ,
China Securities Regulatory Commission (CSRC) ,
Foreign-Owned Corporations ,
Fund Managers ,
Investment Funds ,
Joint Venture ,
MOFCOM ,
Popular ,
PSFMCs ,
Registration Requirement
BACKGROUND -
Due to the recent strong desire to convert Renminbi (“RMB”) funds into foreign currency and remit foreign currency amounts outside of China (“China” or the “PRC”, which excludes Hong Kong, Macau and Taiwan...more