Shenzhen: Pilot Program of Foreign Equity Investment Enterprise
2013-April-8 Source: Newsgd.com
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On March 5, 2013, Shenzhen Financial Bureau held a conference for the pilot program of foreign equity investment enterprise to explain relevant policies to the public. Last November, the Interim Measure on the Implementation of Pilot Program of Foreign Equity Investment Enterprise (“Interim Measure”) was promulgated, and the Instruction on the Pilot Program (“Instruction”) was issued, which launched the pilot program officially.

Qianhai District is the pioneer in the program and attracts foreign equity investment from renowned international PE. According to the Instruction, the foreign equity investor shall meet one of the following requirements: 1) in the last fiscal year, the assets it owns is no less than 100 million US dollars or the assets it manages is no less than 200 million US dollar; 2) it obtains the asset management certificate issued by Hong Kong Securities and Futures Commission (or overseas financial supervision authority); or 3) the scale of asset management ranks top 100 in the world

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

 

Editor: Olivia
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